Home Africa Kampala University campus in Kenya up for sale over Shs55.7b debt

Kampala University campus in Kenya up for sale over Shs55.7b debt

Kampala University campus in Kenya up for sale over Shs55.7b debt

Rédaction Africa Links 24 with Uganda Monitor
Published on 2024-09-10 14:28:41

An auctioneer has put up for sale an educational complex in Kajiado County belonging to Kampala International University (KIU) to recover a debt of more than Shs55.7 billion ($15 million) owed to mortgage lender Housing Finance.

Valley Auctioneers on Monday invited bids for the purchase of the complex that sits on a 61.3-acre parcel of land in Kisaju, approximately 1.5 kilometres off the Nairobi-Namanga Highway.

The incomplete educational complex comprises a four-storey administration block, five five-storey tuition blocks comprising five interconnected blocks, a four-storey…

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