Court allows bank to auction Upper Hill land in Sh1.2b row

The Pinnacle was expected to become the tallest building in Africa, and the third tallest building in the Southern Hemisphere, at 70 stories and over 1,000 feet (300 m) in height. [File, Standard]

A Commercial Court in Nairobi has allowed Credit Bank to auction a prime piece of land in Upperhill where the real estate firm Jabavu Village Ltd intended to build Africa's tallest building, The Pinnacle.

Justice Alfred Mabeya, in his ruling, said Jabavu had admitted it was not a party to the loan issued to the lender. According to the judge, the firm was a third party, and could not speak for the owner who took the loan.