NCBA Bank has secured a temporary victory after the Court of Appeal reversed a High Court order that had appointed an Official Receiver to oversee the restructuring of Multiple Hauliers EA Ltd. This decision safeguards NCBA’s claim for over KSh 7.25 billion while its appeal is heard.

• The Court of Appeal ruled that the appointment of the Official Receiver by Justice Alfred Mabeya in September 2024 presented an arguable legal issue and risked an irreversible loss for NCBA’s loan.
• The primary organization involved is NCBA Bank, seeking to protect its substantial loan to Multiple Hauliers EA Ltd.
• The *stay order* has put the proposed US$8.5 million transaction with South Africa’s Amava Consortium in limbo, delaying the restructuring of one of Kenya’s largest logistics firms.