Nairobi, Dec. 8 -- Credit Bank Ltd can now proceed with the planned sale of a property in Upper Hill area -where Africa's tallest building was to be built a few years ago- to recover a debt of more than Sh2 billion.

The lender got the nod to auction the property after its owners -One Upperhill Towers Ltd- failed to convince the Court of Appeal to suspend the forced sale.

In a ruling, the appellate court noted that although One Upperhill Towers Ltd had an arguable appeal, the loans granted to its sister companies -Jabavu Village Limited and Hasson Pharmaceuticals Limited- continued to grow and there was no evidence that the facilities were being serviced.

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"An injunction is an equitab...