Shelter Afrique has placed Chiedo Developers Limited, the developer of Kisumu’s Lake Breeze Apartments, under receivership due to a loan default. This action allows Shelter Afrique to appoint a receiver to manage the developer’s assets and operations to recover the outstanding funds.

• Most important fact or figure from the article: The charge was dated October 19, 2012, and registered on October 31, 2012.
• Key person or organization involved: Christopher Kirathe of Ernst & Young LLP was appointed receiver.
• Notable detail that adds context: The receivership specifically covers the property identified as Kisumu Municipality/Block 12/94.