Pandora Papers: List of 10 Offshore Companies Linked to Kenyatta Family

The Pandora Papers, which analysed over 12 million files, was the biggest leak in history The International Consortium of Investigative Journalists discovered the first family’s offshore investments in Panama, the British Virgin Islands and other tax havens Most of the offshore companies were created before Uhuru Kenyatta was elected Kenya’s fourth president in 2013

President Uhuru Kenyatta and six members of his family were linked to a network of offshore companies, one of which reportedly holds assets valued at US$30 million (KSh 3.31 billion). Kenya’s founding president Jomo Kenyatta.

This was according to the International Consortium of Investigative Journalists (ICIJ), an independent network of more than 250 investigative journalists and over 100 media organisations across the world. BBC News reported the Pandora Papers, which analysed over 12 million files, was the biggest leak in history.

The ICIJ discovered the first family’s offshore investments in Panama, the British Virgin Islands and other tax havens.

According to CNN, most of the offshore companies were created before Uhuru was elected Kenya’s fourth president in 2013.

Below are the names of the offshore companies linked to the Kenyatta family

1. Milrun International Limited The Pandora Papers revealed the company was co-founded by Mama Ngina Kenyatta and her two daughters, Kristina and Anna, in 1999. Mama Ngina is the fourth wife of Kenya’s founding president Mzee Jomo Kenyatta and Uhuru’s mother. Milrun International Limited was incorporated in the British Virgin Islands. A Panamian law firm identified as Alcogal was involved in the setting up of the company. The law firm which specialises in the administration of offshore companies supplied staff to Milrun to act directors.

2. Varies Foundation Varies Foundation was set up in 2003, just a year after Uhuru was defeated in the 2002 presidential election by Narc’s Mwai Kibaki. It was reported that after Kibaki came into power and promised a crackdown on corruption, the Moi family, who was friends with the Kenyatta’s, moved huge sums of money out of the country.

Uhuru’s mother, Mama Ngina, born in April 1933, was named as the first beneficiary. “She (Mama Ngina) will be entitled to receive capital and income from the said foundation and may withdraw, dispose or administer all or part of her entitlement in capital and income as she chooses from time to time,” the document indicated.

It further revealed that in the case of Mama Ngina’s death, Uhuru would inherit it.

3. Criselle Foundation President Uhuru’s younger brother, Muhoho, reported to be running the Kenyatta empire, established Criselle Foundation in 2003 with the help of UBP private-wealth advisers.

Alcogal also ran the entity whose first beneficiary was Muhoho. His son Jomo Kamau Muhoho was listed as his successor. Muhoho owned another company in the British Virgin Islands with KSh 3.3 billion in stocks and bonds.

4. Valberg Foundation Based in Panama, the company was suspended as of November 26, 2019.

5. Wesmar Finance Ltd It was launched in 2003 in the British Virgin Islands.

6. Galanes Finance Limited Based in BVI, it was founded in 2011 and as of November 2018 it had been struck off for non-payment of an annual fee.

7. Hawkings International Limited According to Africa Uncensored, the firm was created in 2012 just a year before Uhuru was elected Kenya’s president.

It is located in the British Virgin Islands and is managed by Muhoho Kenyatta.

8. Leonor Estates Inc Leonor Estates Inc was formed in 2012 in the British Virgin Islands.

9. Pictor Finance Limited It is also based in the British Virgin Islands.

10. MaClay Foundation The foundation was active in Panama as of May 2020. Client 13173

The Pandora Papers exposed how Uhuru and his family have secretly been accumulating wealth through their offshore companies. According to the ICIJ, Uhuru together with his mother, sisters and brother shielded their wealth from public scrutiny. The investigation showed the Kenyattas’ offshore wealth is part of an estimated half-billion-dollar family fortune. Invoices from Alcogal in Panama to Union Bancaire Privée, one of the largest private banks in Switzerland, showed that the Swiss advisers referred to the Kenyatta’s with a code; “client 13173.”

Uhuru’s response

In a statement on Monday, October 4, the head of state said the reports will go a long way in enhancing the financial transparency and openness that Kenya requires and around the world. While promising to comprehensively respond to the damning revelations, the president said the movement of illicit funds, proceeds of crime and corruption thrive in an environment of secrecy and darkness. According to Uhuru, the Pandora Papers and subsequent follow-up audits will lift that veil of secrecy and darkness for those who cannot explain their assets or wealth.

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