A debt collection company whose clients include banks and digital lenders has been saved from a Sh113.2 million dispute after inking an agreement with its creditors and exiting administration.
Collection Africa Ltd, a non-performing asset resolution and debt recovery firm, was placed under administration on September 29, 2025 by Rubicon Landing LLP after failing to honour payment obligations for Sh113.2 million raised through a private placement to select creditors.
Rubicon Landing LLP placed Collection Africa Ltd under administration in its capacity as the security trustee for the creditors, implying it was legally tasked with holding and managing collateral, in this case cash and receivables, on behalf of creditors.
The…