Multiple Hauliers (EA) Ltd has been placed under administration after NCBA Bank Kenya PLC appointed Muniu Thoithi and George Weru of PricewaterhouseCoopers Limited (PwC) as joint administrators under Kenya’s Insolvency Act.
The appointment was made pursuant to Section 534 of the Insolvency Act, 2015, placing the affairs of the logistics company under the supervision of the appointed insolvency practitioners.
The administrators will assess options available for the company, including whether Multiple Hauliers can continue operating as a going concern, whether a restructuring process can provide creditors with a better outcome than liquidation, or whether the company should proceed toward liquidation.
“Moving forward, all matters, operational or otherwise, pertaining to the affairs of the Company shall be directed to the Administrators or their authorized representatives,” the administrators said in the notice.
The joint administrators have invited individuals and organisations with claims against Multiple Hauliers to submit their claims within 14 days from 27 July 2026. The submissions will be used to compile the company’s official roll of creditors as part of the administration process.
The administrators noted that they act on behalf of the company without personal liability. The administration process is expected to provide a structured framework for evaluating the company’s financial position and determining the best available outcome for creditors.
Multiple Hauliers’ KSh 31.4 Billion Debt Crisis
The appointment of administrators follows a prolonged financial crisis involving Multiple Hauliers, one of East Africa’s largest transport companies. The company has accumulated total debt estimated at more than KSh 31.4 billion, against assets valued at approximately KSh 17 billion.
The financial difficulties resulted in years of legal disputes between Multiple Hauliers and several lenders seeking recovery of outstanding loans.
NCBA Bank Kenya is the company’s primary secured lender and has been pursuing recovery of more than KSh 7.25 billion. Other creditors involved in the dispute include KCB Bank Kenya, Co-operative Bank of Kenya, I&M Bank Kenya, Prime Bank, and Synergy Industrial Credit.
NCBA Bank previously moved to place Multiple Hauliers under administration in June 2021, appointing Ernst & Young (EY) as administrators to take over management of the company. The move was challenged in court by Multiple Hauliers, which sought to stop the administration process and prevent liquidation proceedings.
The dispute continued through multiple court processes as the company sought restructuring options while creditors pursued recovery of outstanding obligations.
In September 2024, the High Court placed Multiple Hauliers under the supervision of Kenya’s Official Receiver, providing statutory protection from creditor actions.
The court intervention was intended to give the company time to complete a proposed KSh 1 billion ($8.5 million) restructuring deal with South Africa’s Amava Consortium. The proposed transaction was expected to provide a possible financial solution for the company’s debt challenges.
However, NCBA Bank challenged the restructuring arrangement, arguing that the terms could result in losses on its secured lending.
In September 2025, the Court of Appeal halted the High Court order and suspended the Amava Consortium deal, leaving the restructuring plan unresolved. The insolvency dispute later expanded after several creditor claims and legal proceedings were consolidated.
The cases included claims such as a KSh 532 million claim by Synergy Industrial Credit and an KSh 807 million claim by Prime Bank.
In July 2026, the Nairobi High Court froze ongoing liquidation and administration petitions filed by other creditors, ruling that further action would not proceed until NCBA’s appeal concerning the administration framework was determined.
NCBA Appoints PwC Administrators
On 27 July 2026, NCBA Bank appointed Muniu Thoithi and George Weru of PwC as joint administrators of Multiple Hauliers. The appointment was made by the bank as the company’s secured lender under provisions of Kenya’s Insolvency Act.
Following the appointment, Multiple Hauliers filed a fresh application at the High Court challenging NCBA’s decision.
The company argues that NCBA does not hold a qualifying floating charge required under the Insolvency Act to allow the bank to appoint administrators without first obtaining court approval. The legal challenge places the appointment of the PwC administrators before the court as the parties continue with the insolvency proceedings.
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.