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Kenya Socialist Web Site

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How Former Dictator Daniel arap Moi and his cronies looted Kenyan economy

During his 24 years of dictatorship from 1978 to December 2002 when his regime was defeated by the National Rainbow Coalition (Narc), former dictator Daniel arap Moi and his cronies looted billions of Kenyans shillings. By the time KANU was defeated in December 2002, the Kenya economy was regularly described as having been “on its knees” by many commentators. Millions of Kenyans were condemned to lives of great poverty and deprivation as the ruling elite under the Kenyan African National Union (KANU) basically emptied public coffers. Between 1990 and December 2002 when Moi’s dictatorship was ended, Ksh 300 billion had been looted from government coffers. Moi had himself amassed a fortune of US$ 3 billion, money that the dictator is reported to have stashed away in foreign Bank accounts. Despite this open theft, the new Narc government has declared that the former dictator is clean. For the Narc ruling class, it is a question of protecting a comrade in need. The list below originated from Transparency International and it is being reproduced here for documentation purposes.

The following are Moi, his son and Biwott's companies in Kenya

The following companies plus those where the president's share is held in proxy for him by his personal assistant, Mr Joshua Kulei constitute the single most substantial Portion of Kenya's entire economy that is controlled by a single group of related individuals.

The President's son - Gideon Moi

1.Hostrade World (K)

2.Sian Roses Ltd

3.Mugoya Construction

4.Chemusian Company

5.Fresh Produce Ltd.

6.Equity Stock Brokers

7.Kent Ship Maritime

8.First Force Security Service

9.Regent Management

10.Signon Freight Ltd

11.Cartrack Kenya Ltd

12.Trade World Kenya

13.Sielei Properties Ltd

14.Giant Holdings Ltd

15.Revak Ltd.

16.Sunbury Investments

17.Sadburu Investments

18.Giant Forex Bureau

19.Westfield Intern Ltd.

20.Chesco Ltd.

21.Ha.mpstead Enterprises

22.Metipso Services Ltd.

23.Maternity Shop

The President's key advisor - Nicholas Biwott

1.Kobil Petroleum

2.Barsirim Investment

3.Kipsinende Farm

4.Rono Ltd

5.BIDCO

6.HZ Construction & Engineering

7.LZ Engineering

8.Yaya Centre

9.Uhuru Highway Development

The President's son - Raymond Moi

Hamco Ltd

The President's son - Philip Moi

1.Paradise Holdings

2.Sheraton Holdings

3.Kahuru Investors

4.General Commodity Dealers

5.Kiharu Investors

6.Concord Holdings

7.Panafcon Engineering

8.Tiger Farm Ltd

9.Ecta Kenya Ltd

10.Syndicate Industries

11.Jutila Enterprises

12.Kimunyu Coffee Plant

H.E. President Daniel arap Moi

1.AmBank

2.Bain-Hogg Insurance Brokers

3.Lion of Kenya Insurance Company

4.lnsurance Company of East Africa (ICEA)

5.A ranch in Laikipia

6.A large farm in Eldoret

7.A Dairy Farm in the Rift Valley

8.American Life lnsurance Company (K) (ALICO)

9.Kobil/Kenol Petroleum

10.Nairobi Airport Services

11.Transnational Bank

12.Kenya Television Network

13.Farms in Kabarak, Sacho, Cherengani, Kilgoris, Mau Narok and Trans Nzoia

14.Rai Plywood of Eldoret

(A list almost three times the length of this one includes the directorships of one Mr Joshua Kulei who is the Personal Assistant to President Moi and hold most of these directorship's in proxy for the head of state)

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Published by Kenya Socialist Democratic Alliance (KSDA)
email: harakatips@hotmail.com

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