What began as a modest guarantee of Sh5.6 million against an Sh11 million loan has morphed into a cautionary tale of institutional greed, legal manipulation, and the ruthless machinery of debt collection that grinds ordinary Kenyans into dust.
Nairobi – Genghis Capital, a Nairobi-based investment bank, is facing significant financial distress as auctioneers move to sell its office assets to recover a debt of $2.74 million (approximately Sh354.55 million) owed to South African businessman Auswell Mashaba. Moran Auctioneers have already listed various office items for sale, including furniture, electronics, and office equipment, in […]
Twitter boss Jack Dorsey is selling his first tweet at auction, with bidding Saturday reaching $2 million in a sign of the appetite for virtual objects authenticated through blockchain technology. “just setting up my twttr,” Dorsey tweeted on March 21, 2006. On Friday he posted a link to “Valuables @Cent,” an online marketplace for tweets […]
