Sweet victory for Telkom as court orders State to pay Sh15bn businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.
Telkom Kenya has started a court battle with the government over a Sh15 billion prime property in Nairobi, escalating the dispute that could affect the construction of a modern sports complex on.
Tycoon Loses Ksh10B Nairobi Land in Tussle With Joho
City billionaire Francis Mburu
File
A Nairobi businessman lost a Ksh 10 billion parcel of land in a row pitting him against the Kenya Posts and Telecommunication Corporation (KPTC) and Aftraco Limited, a company linked to Mombasa Governor Hassan Joho.
In the court ruling dated April 22, the judge ruled that an arbitrator was at fault for awarding the parcel to Exclusive Estates Limited (EEL), a firm belonging to tycoon Francis Mburu. The contested land is situated at Jamhuri Estate along Ngong Road in Nairobi.
The mediator and city lawyer Zehrabum Janmohamed - on Tuesday, October 10 - had awarded Mburu the land ruling that he had entered into a deal with KPTC to develop the land 30 years ago, thus making him the rightful owner.