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Kambi-Kingi 13 Billion Giriama Ranch deal with Dubai based investor gives two- week ultimatum.

 Giriama ranch cattle.PHOTO | LABAN WALLOGA | NMG
 Giriama ranch cattle.PHOTO | LABAN WALLOGA | NMG

The controversial Giriama ranch which the former Ganze MP Joseph Kingi and former Kaloleni MP Kazungu Samuel Kambi have been associated with, the directors of the Dubai based firm which the ranch was sold to have given them an ultimatum.

The Dubai firm directors have spilled the beans by exposing the lump sum that was given to the ranch directors. The company said that the amount was already wired to the Giriama ranch directors and only waiting for the closure of the deal.


A Dubai-based firm that wants to buy a 66,000-acre ranch at a cost of Sh13 billion in Ganze, Kilifi County, has given Giriama Ranching Company officials a two-week ultimatum to explain the delay in executing the sale.


Al Maktoum Holdings &Associates said that if the officials fail to do so it would seek legal redress. A standoff between Giriama Ranching and locals has stalled Al Maktoum’s plan to acquire the land and build a cement factory and a power plant worth Sh6.8 billion.

“When we started discussions to buy the ranch in August the directors assured us that the purchase was clean. After information of its sale went public, locals protested fearing that they would lose their land. That is what is now our concern,” said Al Maktoum director Hamed Khalef told reporters in Mombasa.

“Before going ahead with the sale agreement we told them to give us form CR12 from the Registrar of Companies and a recent search certificate on the land. They have not responded and time is running out. I have consulted my fellow directors in Dubai to seek legal opinion and possibly institute civil proceedings against the directors for causing our company unnecessary losses in the transaction,” he said.


The Dubai based firm has issued a warning to the directors for the delay to close the sale. They wanted the country's directors to explain why they could not close the sale or give back their wired cash immediately.


The Kilifi county government blocked the sale of the community ranch and now wants the land commission to revert back the land and sub-divide it to the locals. "The ranch was a public property and will be given back to the public," said Kilifi governor Amason Kingi.
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