This is the latest in an aggressive debt recovery strategy by the receiver manager, who recently also took over two other firms.
Imperial Bank's receiver seized Salute Holdings, one of East Africa's largest Apple-authorized distributors, as part of aggressive debt recovery efforts. The move signals cash pressures among regional premium retailers and risks disrupting hardware supply for enterprises sourcing through this distributor.
By
Dominic Omondi
Business Reporter
Nation Media Group
Imperial Bank (In Liquidation) has taken over Salute Holdings, one of East Africa's largest Apple-authorised distributors, as the lender in liquidation steps up efforts to recover billions of shillings owed by borrowers.
The High Court rejected claims of excessive interest charges and undervaluation of assets, clearing the way for Equity Bank to…
The company’s broader insolvency dispute pits major secured lenders owed in excess of Sh16 billion –though the Official…
Collection Africa’s total outstanding indebtedness as at September 30, 2025 stood at Sh113,215,080.
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Finance Bank Malawi, a commercial lending institution linked to Zambian business owner Rajan Mahtani, is suing the government of…
The Court of Appeal ruled that any loss suffered by Cytonn could be compensated through damages, clearing the way for SBM Bank's…
