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KPA on the spot over Sh715m pay to tycoon for its own land


KPA on the spot over Sh715m pay to tycoon for its own land
Friday April 30 2021
By BRIAN OCHARO
Summary
Memphis has obtained an arbitration award of Sh715 million against the KPA over the lease of the seven-acre piece of land that was to run for 33 years from 2009.
Now, activists have sued the State agency and Memphis saying the entire transaction from the lease, the acquisition, the arbitration are marred with irregularities.
The Kenya Ports Authority (KPA) has once again found itself under the spotlight over its alleged intention to pay Sh715 million for a disputed land lease.
The payment stems from a dispute regarding a lease agreement between the State-owned firm and a private company, Memphis Limited, which is associated with a prominent businessman. ....

Ambrose Rachier , Caleb Ngwena , Millicent Adhiambo , Memphis Ltd , National Land Commission , Hass Petroleum Ltd , Portside Ltd , Kenya Ports Authority , Memphis Limited , Memphis Limited , Arbitration Award , Lease Agreement , தேசிய நில தரகு , தொந்தரவு பெட்ரோலியம் லிமிடெட் , கேந்ய போர்ட்ஸ் அதிகாரம் , மெம்பிஸ் வரையறுக்கப்பட்டவை ,