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In an apparent cloak and dagger action, shrouded by secrecy and leaks, the Kenyan government appears to have sold the prestigious Grand Regency Hotel for a pittance of less than 3 billion Kenya shilli
In an apparent cloak and dagger action, shrouded by secrecy and leaks, the Kenyan government appears to have sold the prestigious Grand Regency Hotel for a pittance of less than 3 billion Kenya shillings (approximately US$45.6 million) to the Libyan government under a private sale agreement. Figures available right now vary between 2 billion and 2.9 billion Kenya shillings.
It has also became evident that no public bidding or tendering was chosen by the promoters – or should one say perpetrators – of the deal to maximize the proceeds of the sale, as a number of international hotel chains had of late expressed interest in coming to Kenya and may have wanted to make offers for the Grand Regency themselves. ....

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