Shocking details of how much Kenyatta family is worth outside Kenya
President Uhuru Kenyatta, along with his mother, Mama Ngina Kenyatta, sisters and brother, have for decades shielded wealth from public scrutiny through foundations and companies in tax havens, including Panama.
It is estimated that the Kenyatta assets are worth more than $30 million, according to records obtained by the International Consortium of Investigative Journalists and shared with more than 600 reporters and media organizations around the world.
The records – from the Panamanian law firm Aleman, Cordero, Galindo & Lee (Alcogal) – show that the family-owned at least seven such entities, two registered anonymously in Panama and five in the British Virgin Islands.
One BVI company owned a home in central London, according to the records, and two other companies held investment portfolios worth tens of millions of dollars.
The Kenyattas’ offshore wealth, revealed by ICIJ for the first time, represents part of an estimated half-billion-dollar family fortune amassed in a country where the average annual salary is less than $8,000 a year.
The family began to accumulate much of its offshore wealth while Uhuru Kenyatta was a rising political star. Two offshore companies were created during an investigation into alleged looting of the public treasury during the watch of President Daniel arap Moi, Kenyatta’s former political patron.
Details of the Kenyatta family’s offshore wealth have been brought to light by the Pandora Papers, a collection of more than 11.9 million records from 14 law firms and other service providers based in the United Arab Emirates, the Seychelles, Panama, Singapore and other tax havens.
Muhoho Kenyatta owned three registered in the BVI, according to records: One had a bank account that held an investment portfolio worth $31.6 million in 2016; another had unspecified investments at a bank in London.
From 1999 to 2004, Ngina Kenyatta and her two daughters held shares in a BVI company, Milrun International Ltd. The sisters used the company to buy a London apartment in the upscale Westminster neighborhood, according to records.
Similar apartments in the modern brick building now sell for more than $1 million. The apartment was rented until July by an English member of parliament, Emma Hardy, according to public records. Hardy’s attorney said that she signed an ordinary rental agreement and had never heard of the company involved.
The investigation has revealed assets of 35 current or former world leaders, including the king of Jordan, the prime minister of the Czech Republic, and Kenyatta’s fellow African leaders Ali Bongo Ondimba of Gabon and Denis Sassou-Nguesso of the Republic of Congo.
The story of the Kenyatta family fortune, with its various companies and foundations in tax havens, begins with an ambitious tribal scion who would become one of post-colonial Africa’s most iconic leaders: Jomo Kenyatta.
When he left prison nearly nine years later, Jomo took charge of independence negotiations, and, in 1963, Kenya gained independence, with Kenyatta as prime minister, then later becoming coutry’s first president in 1964.
But instead of building democracy, Kenyatta turned the fledgling nation into a one-party state marked by arbitrary detention, torture and political assassination. Promised land reform became a land grab: Kenyans found that property had simply changed hands from European elites to Kenyatta cronies.
Following Jomo Kenyatta’s death in 1978, in his 80s (his date of birth is unknown), Moi took over as president, as a result of complex negotiations designed to head off tribal feuds.
Protected by their ties to Moi and by Jomo Kenyatta’s aura as father of the nation, the Kenyattas thrived.
Uhuru’s mother, Ngina, popularly known as “Mama Ngina,” was given 264 acres over decades, according to a later government probe, which recommended that the landholdings be revoked.
A United Nations-backed commission would later find that in two years, one-sixth of all properties previously held by Europeans, including “vast farms” and valuable coastal real estate, were “cheaply sold” to Kenyatta, his family and his allies.
Details of this article have been obtained from an investigation piece by the International Consortium of Investigative Journalists.