Co-op Bank Backs Ruiru School Project with KShs 110 Million Financing
Co-op Bank has extended KShs 110 million in debt financing to Eboss Investments Company to fund the construction of Seven Oaks School in Ruiru..
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Co-operative Bank of Kenya has provided KShs 110 million in debt financing to Eboss Investments Company for the construction of Seven Oaks School, a new British-curriculum institution in Ruiru's Brookview Membley. This financing supports the educational anchor of a larger 143-unit mixed-use development.
- The financing includes an KShs 80 million mortgage for the school's construction and an additional KShs 30 million revolving term loan for finishing housing units.
- Vincent Kihara, Head of Mortgage Finance at Co-operative Bank, emphasized the bank's confidence in Eboss Investments' track record.
- Geoffrey Gitaka, Director at Eboss Investments, highlighted the partnership's crucial role in realizing their vision, stating it has grown "beyond financing."
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Banks in Kenya Finance School Project, Resume Pension Verification, and Rebrand for New Services - October 2025
The Standard Chartered Kenya Pension Fund will resume verification for 629 appellants in a 2021 pension dispute after the High Court lifted a temporary injunction. Separately, Co-operative Bank of Kenya has provided KShs 110 million in debt financing to Eboss Investments Company for the construction of Seven Oaks School in Ruiru. CIB Kenya, rebranded from Mayfair Bank after CIB Egypt took full control in 2023, is also set to disrupt the Kenyan banking sector. The bank will focus on digital services, cash flow-based lending, and Egypt-Kenya trade financing.
