News Column

How 500,000 Acres Lamu Land Was Shared Out

August 4, 2014

Oliver Mathenge



State House yesterday released the names of shareholders of some of the companies said to be behind the illegal acquisition of land in Lamu county.

According to the released document, records of 14 of the 30 entities that received land do not appear in the database of registered companies and societies.

The records show that some of the companies have never filed tax returns since they were incorporated.

There are no records identifying the owners of 11 of the entities -- mostly ranches.

The entities were registered between 1987 and 2013, with some sharing names and shareholders.

For instance, there is a Brick Investments Limited and Brick Investment Limited, which have different shareholders.

The shareholders of Brick Investments Limited and Dynamic Company Limited are the same, with addresses in Nairobi.

One of the companies, Shanghai Africa Investment Limited, has eight shareholders who share an address but the firm does not appear in the Registrar's database.

Two of the entities, Savannah Fresh Fruits Exporters and Khairallah Ranch are registered only as business names.


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Source: AllAfrica


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