The President who was then on an official visit to the USA defended his family wealth, saying the family had nothing to hide
President Uhuru Kenyatta has not yet responded to claims of the hidden $30 million (Sh3.3 billion) family fortune reportedly stashed in overseas tax havens. The information was leaked to the media late last year by the International Consortium of Investigative Journalists (ICIJ).
Dubbed the ‘Pandora Papers’, the Kenyatta’s were said to be part of a global elite with massive offshore financial dealings. The President who was then on an official visit to the USA when the reports emerged, promised to respond in detail over the claims but has not. He defended his Family wealth saying they had nothing to hide and challenged other leaders to do the same.
The Head of State has since decided to keep a studious silence on the issue. The ICIJ had claimed that the Kenyatta family was among the ten richest in Africa and had used secretive trusts and foundations in low-tax jurisdictions to amass a huge fortune. Little is known about the wealth of other East African presidents and their families.
In Uganda, it’s an open secret that “Sebbo”, Yoweri Museveni has amassed a huge fortune during his 3-decades reign as President. He is also reputed to be a ‘shrewd businessman” selling milk and animals for beef in Kampala and abroad. President Museveni is said to be the proud owner of a multi-million-shilling ranch in Rwakitura, his rural home. He has sold several high-grade animals to Kenya’s Deputy President William Ruto.
In Kigali, Rwanda football-loving Arsenal FC supporter Paul Kagame is like his political mentor in Kampala. Since seizing power in 1994, he has acquired a vast fortune.
There’s no story that cannot be told. We cover the stories that others don’t want to be told, we bring you all the news you need. If you have tips, exposes or any story you need to be told bluntly and all queries write to us [email protected] also find us on twitter.