@StandardMedia

Investors feel the pain of new war on impunity

2 months ago, 18 Aug 00:28

By: Vincent Achuka

For a country yearning for real change, the ongoing war against impunity and corruption comes at a huge cost that few would have expected.

Like a doctor prescribing a cocktail of drugs that shocks your system as it triggers your body to fight an infection, the battle is affecting not just the hitherto untouchable elite but hundreds of Kenyans caught in between fighting to stay afloat.

It is impossible to know where the war ignited by the leaking of a second NYS scandal in May will head next.

In just three months, however, the war against graft has targeted at least five parastatals before turning on buildings constructed on illegal sites.

In Nairobi, small scale businesses like vegetable vending, roadside kiosks and second hand clothes shops are giving way as the Regeneration Committee demolishes illegal structures.

Mutindwa market famous for second hand clothes is now a memory, the decades old garages at Globe Cinema roundabout have been decimated and more is yet to come as the demolition moves to the counties.

For Nairobians, the rubber will meet the road when matatus are prevented from accessing the Central Business District and residents forced to walk for kilometres to get public transport.

A meeting between matatu Saccos and the committee on Thursday over the impending order did not yield results.

“It will be a tough policy to implement if alternatives are not given,” says Matatu Welfare Association chairman Dickson Mbugua.

But with the momentum in the last two months, political goodwill and the praises the government is getting locally and internationally, that policy like the arrests and demolitions witnessed may not be too far.

Reports that a section of Weston Hotel in Nairobi had been reportedly marked for demolition for encroaching on Kenya Civil Aviation Authority land is the latest in the war that is turning out to be a nightmare for many billionaires. Deputy President William Ruto has interests in Weston while Ramesh Gorasia who vied for the Nairobi senatorial seat in the last elections owns Taj Mall which is set to go down too.

Friday the Sanghrajka family who also own Tile & Carpet Centre joined the fray of rich people whose turn to cry has come when it emerged that 14 Riverside has been marked for demolition too.

“Since the Mall affects the flow of traffic within the county and the fact that the said affected road is within Nairobi City County, we shall have no alternative than demolish the encroaching part without any further notice to the owner,” Nairobi Governor Mike Sonko said of Taj Mall.

Also set to join this list are Iranians Hamed Ehsani and his brother Mehraz Ehsani who own the Tribe Hotel that has been identified as partly sitting on riparian land.

A sitting and former governor who jointly own a multi-billion shilling property in Kisumu will also be counting losses when the bulldozers hit the lake side town.

They will join Bimal Shah of Ukay Centre and former MP Stephen Manoti who lost South Gate Mall after years ...
Read More


Category: business news

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@StandardMedia

Investors feel the pain of new war on impunity

2 months ago, 18 Aug 00:28

By: Vincent Achuka

For a country yearning for real change, the ongoing war against impunity and corruption comes at a huge cost that few would have expected.

Like a doctor prescribing a cocktail of drugs that shocks your system as it triggers your body to fight an infection, the battle is affecting not just the hitherto untouchable elite but hundreds of Kenyans caught in between fighting to stay afloat.

It is impossible to know where the war ignited by the leaking of a second NYS scandal in May will head next.

In just three months, however, the war against graft has targeted at least five parastatals before turning on buildings constructed on illegal sites.

In Nairobi, small scale businesses like vegetable vending, roadside kiosks and second hand clothes shops are giving way as the Regeneration Committee demolishes illegal structures.

Mutindwa market famous for second hand clothes is now a memory, the decades old garages at Globe Cinema roundabout have been decimated and more is yet to come as the demolition moves to the counties.

For Nairobians, the rubber will meet the road when matatus are prevented from accessing the Central Business District and residents forced to walk for kilometres to get public transport.

A meeting between matatu Saccos and the committee on Thursday over the impending order did not yield results.

“It will be a tough policy to implement if alternatives are not given,” says Matatu Welfare Association chairman Dickson Mbugua.

But with the momentum in the last two months, political goodwill and the praises the government is getting locally and internationally, that policy like the arrests and demolitions witnessed may not be too far.

Reports that a section of Weston Hotel in Nairobi had been reportedly marked for demolition for encroaching on Kenya Civil Aviation Authority land is the latest in the war that is turning out to be a nightmare for many billionaires. Deputy President William Ruto has interests in Weston while Ramesh Gorasia who vied for the Nairobi senatorial seat in the last elections owns Taj Mall which is set to go down too.

Friday the Sanghrajka family who also own Tile & Carpet Centre joined the fray of rich people whose turn to cry has come when it emerged that 14 Riverside has been marked for demolition too.

“Since the Mall affects the flow of traffic within the county and the fact that the said affected road is within Nairobi City County, we shall have no alternative than demolish the encroaching part without any further notice to the owner,” Nairobi Governor Mike Sonko said of Taj Mall.

Also set to join this list are Iranians Hamed Ehsani and his brother Mehraz Ehsani who own the Tribe Hotel that has been identified as partly sitting on riparian land.

A sitting and former governor who jointly own a multi-billion shilling property in Kisumu will also be counting losses when the bulldozers hit the lake side town.

They will join Bimal Shah of Ukay Centre and former MP Stephen Manoti who lost South Gate Mall after years ...
Read More

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Tourism sector gears up for high December season

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Kenyan miners say law not conducive to investment

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