News

Story by JEFF OTIENO

Former President Daniel arap Moi’s personal assistant Joshua Kulei contemplated moving to London at one time after a falling out with the Moi family.

According to a report by international risk consultancy company Kroll Associates, seen by the Saturday Nation, the reason for the falling out was business-related, resulting in Mr Kulei relinquishing assets held under his name on behalf of the Moi family, with the exception of agriculture-based businesses and shares in a bank.

Despite relinquishing the businesses, the report commissioned by the Narc Government after it came to power considers Mr Kulei one of the wealthiest people in the country.

It says Mr Kulei owns 100 per cent of Trade World Kenya, CFC Bank (12.5 per cent), CMC Holding (15 per cent), Hotel Inter-Continental (19 per cent) Sian Roses (40 per cent) and Ngata Flower Farm (50 per cent).

The once powerful official in the Moi government is also said to have interests in Equator Flowers (50 per cent), Bamburi Cement (14 per cent), Kenya Television Network (KTN), National Milling Company, Kenya Aerotech Ltd, Siginon Freight (12.5 per cent) and National Milling Corporation.

However, the document casts doubt that Mr Kulei has shares in the following companies as has always been believed ­—Stoney Athi River, Heritage AII Insurance Company, NIC Bank, Transnational Bank, Kobil and Kenol Petroleum, Rai Plywood of Eldoret and Nairobi Airport Services, among others.

Mr Kulei also sits on the board of governors of Sacho High School, Moi High School Kabarak, Sunshine Secondary School, Moi Educational Centre and Kabarak University Council. The 110-page report says Mr Kulei also owns palatial residences in up-market London, “where his children have always attended school”.

“Further confirm that Kulei has two properties in Surrey, the larger one of which is owned by ex-President Moi, one of which is the Cobham property,” the document adds. The properties are 19 Eaton Park, Cobham, Surrey, Flat 11, No 49 and Lowdnes Square, London.

In Kenya, the report says, Mr Kulei owns Courtyard Property Investments Ltd and Regent Management, along with houses in Lavington, Karen, and Nakuru.

Mr Kulei, the document adds, owns several unidentified properties in the United States and South Africa, which are managed by his close associates.

In London and New York, Mr Kulei, the document says, has retained the services of top-notch stockbrokers who trade in stocks on his behalf.

The document says that retired President Moi’s last-born son has interests in Kent Ship Maritime, Sielei Properties Ltd, Giant Holdings Ltd, Revak Ltd, Sudbury Ltd, Sudbury Investments, Giant Forex Bureau, Westfield International Ltd, Chesco Ltd, Hampstead Enterprises, Metipso Services Ltd and Maternity Shop.

Others are Eagle Airlines, Chemusian Company, Fresh Produce Ltd, Siginon Freight, Car Track Kenya Ltd, First American Bank, Equatorial Bank, The Sasine Group of Farms and Cable and Wireless.

Mr Gideon Moi also has interests in the Duty Free Company, Eveready Company, Tobacco