The estate of late minister Njenga Karume is currently battling to keep afloat. It has been ordered to pay Sh4.5 million by Friday towards the settlement of Sh122 million debt owed to a bank.
Judge Winfrida Okwany gave the direction even as she allowed parties to negotiate on how to settle the debt owed by Jacaranda hotel.
She further stopped any placement of auction advertisement in newspapers pending negotiations that is meant to come up with a solution by January 20th.
The hotel faces auction come January 22 if the family does not settle the debt.
Here is a list of the late Njenga Karuma’s businesses in his billion shilling empire.
HOTELS
• Jacaranda Hotels in Nairobi.
• Lake Elementaita Lodge in Nakuru The Village Inn in Kiambu
• Indian Ocean Beach Resort in Mombasa • Hotel along the Diani beach in Kwale
REAL ESTATE
• Amani House, in Westlands, Nairobi
• Cianda House on Koinange Street, Nairobi
• Unity House, Nairobi
• Several apartment blocks in Nairobi
• Kiambu and Limuru
FARMS
• 508-acre Cianda Farm
• 27.3-acre Lynton Farm
• Kachoraba farms
• 50 acres in the Masai Mara
• Parcels in Laikipia, Limuru, Molo, Nakuru, and Ruiru
SHAREHOLDING IN 46 COMPANIES IN KENYA
• Gracia Limited
• Kenya Miraa Growers Limited
• Maziwa Transporters Limited
• Kiambu Sawmills Limited
• Cianda Estates Limited
• New Kenya Cooperative Creameries
• Kenya Wine Agencies Limited
• Standard Chartered Bank Kenya Limited
• Kentmere (1986) Limited.
