Jeff Koinange is a well-known and respected veteran journalist in Kenya who has been in the profession for over 25 years.
Over the years, he has worked for various international media houses, including CNN and CGTN Africa. He is a news anchor at Citizen Tv and a breakfast radio show host at Hot 96 FM, both owned by Royal Media Services.
Despite his fame and vast wealth, very little is known about his private life. However, recently, two of his properties were almost auctioned off, giving a glimpse into his life as a property owner.
Here is a sneak peek into the sh 200 million houses owned by Jeff Koinange.
His two mansions
The two villas owned by Jeff Koinange are located in the leafy suburbs of Kitusuru, Nairobi. They are four-bedroom houses that sit on a 0.067-acre piece of land, with each villa attached to a servant’s quarter. The villas are known as L.R. NO. 7741/263 (I. R. NO. 115833) off Kitisuru Road, Nairobi county, and are registered under Jeff Mworia Koinange.
The villas are equipped with modern amenities, including parking spaces, a swimming pool, and CCTV surveillance. The houses are stylishly designed, with tasteful finishes, spacious rooms, and ample natural light.
The interior of the villas is furnished to the highest standard, reflecting the owner’s style and taste. The property’s exquisite landscaping adds to the charm and beauty of the villas, with well-manicured lawns and gardens that create an atmosphere of serenity.
Sometime back, Koinange lived in one villa while renting out the other. The villas’ combined value is estimated at over Sh. 200 million, making them one of the most expensive properties in the high-end Kitisuru suburb.
The auction saga
In April 2020, Garam Investments announced an auction seeking buyers for Koinange’s two villas for Sh. 65 million each after Koinange defaulted on a Sh. 130 million debt to NCBA Bank.
The announcement required potential buyers to produce a bidding deposit of sh 5 million in cash or a banker’s cheque before being allowed to bid for either of the houses.
“NCBA reached a last-minute agreement with him (Mr. Koinange) and the auction was stopped,” sources earlier revealed. “We got the notice to stop the public auction this morning, but we were already prepared for the sale.”
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This announcement raised questions about Koinange’s financial management, especially given his status as a highly-paid journalist.
Fortunately, Koinange struck a deal with NCBA Bank to repay the debt, and the auction was canceled just days before the auction date.
