Monwalk Investment Limited has been placed under administration following a directive by the Kenya Commercial Bank (KCB), which holds a qualifying floating charge over the company’s property.
In a notice on November 26, KCB appointed Long’et Terer of Long’et & Mumo LLP as the administrator of Moonwalk Investment Limited, registered under CPR/2012/84544.
According to the notice, the administrator, Long’et Terer, assumes full control over the management and assets of the company.
Key Details of the Appointment
The administrator is now allowed to set aside the powers of the directors in matters of dealing and transacting with the company’s affairs, which have now ceased unless authorized by the administrator.
The notice further states that the administrator’s mandate will be to stabilize the company and engage stakeholders to achieve the best possible outcome for creditors and other interested parties.
“The Administrator is currently engaging all key stakeholders of the Company to elicit their cooperation in order to achieve the best possible outcome.”
Creditors have been urged to submit full particulars of any claims against Monwalk Investment Limited on or before December 24, 2025.
Claims should be directed to the administrator at the firm’s offices located at Ambassador Court, Jakaya Kikwete Road, Nairobi.
The administrator emphasized that all actions are undertaken on behalf of the company, with no personal liability.
While details of Monwalk’s financial challenges remain undisclosed, the move signals a significant strain on its ability to meet obligations.
Tough Times for Monwalk Investments
Monwalk Investments’ troubles stem largely from a tax dispute with the Kenya Revenue Authority (KRA), which resulted in a huge fine of Ksh487,921,140.
In March 2023, the Tax Appeal Tribunal upheld this assessment after finding Monwalk had attached counterfeit excise stamps on alcoholic beverages between 2016 and 2020.
The tribunal dismissed the company’s appeal, and the massive fine remains unresolved, raising questions about the company’s compliance practices.
Several Kenyan companies have faced administration this year amid financial strain.
Tecof Limited, a supplier and exporter of coffee, chocolate confectionery, and organic products, was placed under administration on September 3 due to financial distress.
Mt. Kenya Tea Factory Company Limited, a major tea processor facing sector-wide challenges, was placed under administration on September 3, 2025, following a court order.
Njeru Industries Limited, a family-owned tea company in Meru County, was placed under administration on September 3, amid cash-flow issues and falling auction prices.
In real estate, three Cytonn-linked special purpose vehicles (SPVs) — Cytonn Investment Partners Ten LLP (Taraji), Epazec Company LLP (Applewood), and Cytonn Investment Partners Eleven LLP (The Ridge) — were placed under administration in November 2025, following investor losses exceeding Ksh11 billion.
What Administration Means in Kenya
Administration is a legal process under the Insolvency Act 2015 that allows a financially distressed company to be managed by an independent professional called an administrator.
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The goal is to protect the company’s assets, prevent immediate liquidation, and maximize returns for creditors.
Once appointed, the administrator takes full control of the company’s operations and property, while directors’ powers are suspended unless authorized.
The process typically involves assessing liabilities, negotiating with creditors, and exploring options such as restructuring or asset sales.
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Monwalk stakeholders now await further updates from the administrator as the process unfolds.
For inquiries, the administrator can be reached via telephone at +254 700895000 or email at [email protected].
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