KCB Takes Charge of MotorHub Operations with New Administrator
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KCB Bank has placed MotorHub Limited under administration, appointing Kereto Marima as its administrator effective 4 November 2025.
Under the administration process, Marima now holds sole authority over the company’s assets and receivables, including its Kiambu Road showroom stock, and is tasked with exploring recovery or restructuring options to protect creditors’ interests.
MotorHub Limited, a key player in Kenya’s auto sector, imports and retails new and pre-owned vehicles from Japan, Thailand, the UK, Australia, and South Africa.
The company’s inventory includes sedans, SUVs, and emerging electric vehicles (EVs) such as the BYD Sealion 6, Tesla Model Y, and Toyota Land Cruiser Prado.
MotorHub has catered to middle-class buyers seeking affordable imported cars, with partnerships across multiple banks, trade-in options, and repayment plans extending up to 72 months.
The auto sector in Kenya, valued at over Sh500 billion annually, has been under pressure from rising import duties, which increased by 20% in 2025, and volatile fuel prices.
According to the Kenya Motor Industry Association (KMIA), formal dealer sales fell by 14.84% in 2023. The volume of cars registered by Kenyans in 2024 also dropped 43% in the first nine months compared to the same period in 2023.
Under Kenya’s Insolvency Act 2015, placing a company under administration acts as a “pre-liquidation” lifeline, providing a moratorium on creditor enforcement actions while the administrator explores rescue options.
Kereto Marima, who has previously managed several companies including Mumias Sugar Company and Cytonn Investments in 2023, now oversees MotorHub with a mandate to assess restructuring opportunities.
These may include a company voluntary arrangement (CVA) or selective asset sales, with secured creditors like KCB prioritized.
Creditors and other stakeholders are required to submit verified claims, including supporting invoices and contracts, to Marima at KR Consult’s Nairobi office by 8 December 2025. This ensures proper documentation of outstanding debts and smooth administration proceedings.
KCB Bank has a history of taking decisive action on distressed assets in Kenya. Earlier in 2025, the bank seized assets from Labh Singh Harnam Singh Ltd following a Sh1 billion default.
They also placed Diamond Industries Limited, a Mombasa-based manufacturer, under receivership, appointing Joy Vipinchandra Bhatt as Receiver and Manager.
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.
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