World | Other World Stories
Uproar over Kenya hotel sale to Libya
Corruption watchdogs and senior politicians rounded on Kenyan Finance Minister Amos Kimunya on Sunday over the sale of a luxury Nairobi hotel to Libyan investors.
- Agencies
- Published: 16:56 June 29, 2008
Nairobi: Corruption watchdogs and senior politicians rounded on Kenyan Finance Minister Amos Kimunya on
Sunday over the sale of a luxury Nairobi hotel to Libyan
investors.
Some called for the resignation of Kimunya after he announced on Friday that the Grand Regency went for $45 million in a government-to-government deal.
"The price is laughable. It cannot meet the cost of soft
furnishing alone," said fellow minister Mutula Kilonzo, who runs the Nairobi Metropolitan portfolio.
"The country has been cheated, and you can give this
corruption another name worse than Goldenberg."
Kimunya said in his statement on Friday authorities
received too "sweet" an offer to refuse from the Libyans. He did not name the buyers.
Critics accused Kimunya of under-valuing the hotel. They also criticised Kimunya for the secret nature of the
sale.
Share this article
News Editor's choice
-
Diabetes: A ticking time bomb
Gulf News takes a closer look at the spread of diabetes in the UAE
-
Africa segment at Dubai film festival
Productions feature interesting mix of genres tackling serious issues
-
What to expect at the Dubai Airshow
We preview what types of aircraft to expect at the Dubai Airshow
