Hundreds of Kenyan homebuyers face significant financial losses after real estate developer Banda Homes Ltd officially entered liquidation. This marks the collapse of a firm that promised affordable housing but left investors with undelivered homes and lost savings in the millions of shillings.

• Banda Homes Ltd entered liquidation, with the Official Receiver appointed as liquidator.
• The Official Receiver was named Bankruptcy Trustee of Banda Homes’ estate effective March 13, 2025.
• A creditors’ meeting is scheduled for September 18, 2025, in Nairobi.
• Many investors paid deposits of up to 50 per cent of the property value, with some losing over Sh3 million.