NCBA takes fresh control of Multiple Hauliers in Sh7.2bn debt row
The Kenyan High Court has temporarily blocked NCBA Bank from placing the logistics firm Multiple Hauliers under administration. This ruling halts the appointment of insolvency practitioners while the court reviews a broader legal challenge regarding the company's significant debt obligations.
Why it matters
The case highlights the complexities of corporate insolvency and the legal hurdles lenders face when attempting to recover multi-billion shilling debts in a distressed economy.
A fresh attempt by NCBA Bank Kenya to place indebted logistics firm Multiple Hauliers (EA) Ltd under administration over Sh7.2 billion debt has been temporarily blocked by the High Court, adding a new twist to the company’s insolvency battle. The debt to NCBA is part of Sh31 billion claims against the logistics firm by various lenders and creditors.
The court, in an order dated August 7, 2026, barred two bank-appointed administrators from taking charge of the company’s operations pending hearing of an application challenging the move.
The court also barred NCBA and the Kenya Commercial Bank from appointing a receiver or receivers over the company until the application is heard.
The orders came just days after NCBA appointed Muniu Thoithi and George Weru of PricewaterhouseCoopers Limited as joint administrators of Multiple Hauliers.
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