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Simbamanyo Estates Loses Another Afrique Suites Hotel Over $10.8 Million Loan

By Hannington MbabaziOctober 19, 2020 0

Simbamanyo Estates Limited has lost another property, Afrique Suites Hotel over a $10.8 million loan acquired from Equity Bank. Recently, the Estate lost Simbamanyo House located on plot 2 Lumumba Avenue after it failed to service the loan. The building had been mortgaged by its owners with Equity Bank but after failing to pay, the…

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Borrower Gives Up On Fight For Simbamanyo House, Withdraws Case From Court

By Hannington MbabaziOctober 18, 2020 0

City architect Peter Kamya, who is the proprietor of Simbamanyo Estates, has chickened out on his fight to rescue the building called Simbamanyo House, which houses the Ministry of Gender, Labour and Social Development. The building was a few days ago bought by tycoon Sudhir Ruparelia’s Meera Investments Limited, at USD5m, about Shs18.5Bn, after it…

Browsing: Equity Bank Kenya

Simbamanyo Estates Loses Another Afrique Suites Hotel Over $10.8 Million Loan

Borrower Gives Up On Fight For Simbamanyo House, Withdraws Case From Court