Controversial Zimbabwean tycoon Wicknell Chivayo wins a stake in Kenya’s $2.9 billion airport expansion deal

Zimbabwean billionaire Wicknell Chivayo, known for his controversial business dealings, has acquired a stake in Kenya's $2.9 billion airport expansion project, sparking renewed scrutiny over the country's procurement transparency. This comes less than two years after the same deal was awarded to India's Adani Group, only to be cancelled due to allegations of corruption and lack of transparency. Chivayo's close ties to Kenyan President William Ruto add to the intrigue, raising questions about favoritism and the potential risks of foreign investment in the region. This development underscores the ongoing challenges Kenya faces in ensuring fair and transparent government contracts.

Original Source

Read the full article at Newzimbabwe →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.