| Deal #6621 | Version 76383 | Version 87997 |
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General info | ||
| Size under contract (leased or purchased area) |
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| Intention of investment |
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| Negotiation status |
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| Implementation status |
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| Comment on implementation status | In 2015 investors took a Saudi prince to court accusing him of failing to deliver his side of the bargain | cleared 2,000 acres for setting up a ranch in readiness for the first phase of planting maize before embarking on the second phase of sugarcane and later the setting up of a sugar factory.
In 2015 investors took a Saudi prince to court accusing him of failing to deliver his side of the bargain. But the prince has taken his Kenyan partners to court stating that they fraudently changed the ownership shares. One source states this was disproved when the matter went to court. “My clients were supposed to be refunded the money which they had spent in securing the lease of Galana Kulalu. I did the agreement and there is a clause that if the prince defaulted, the local investors would get all the shares.” “Osman himself delivered the signed but undated forms for share transfer on the afternoon of September 23, 2010. Five years after the sultan failed to honour his part of the deal, I was instructed to file a suit to evict him,” (https://web.facebook.com/breakingkenyanews/photos/a.533873823481891/1922541587948434/?type=3&_rdc=1&_rdr). |
| Annual leasing fee | 2 000 000 | |
| Annual leasing fee currency | Kenyan Shilling () | |
| Annual leasing fee type | PER_AREA | |
| Annual leasing fee area | 40 468 ha | |
| Comment on leasing fee | Arafco Agricultural Integration Company Ltd paid an initial lease of Sh2,000,000. Upon the acquisition, the prince was to refund $300, 000 (Sh30 million) for the land. Local investors said they opened an account at Equity Bank in anticipation of the prince’s money that never came. This information was obtained from an informal source (media). | Arafco Agricultural Integration Company Ltd paid an initial lease of Sh2,000,000 (for one year). Upon the acquisition, the prince was to refund $300, 000 (Sh30 million) for the land. Local investors said they opened an account at Equity Bank in anticipation of the prince’s money that never came. This information was obtained from an informal source (media). According to a letter dated July 16, 2014, by ADC, Arafco rent arrears had accumulated to Sh14 million |
Employment | ||
Investor info | ||
| Name of investment project | GALANA KULALU IRRIGATION DEVELOPMENT PROJECT | Galana Ranch/Block 1/1 |
Local communities / indigenous peoples | ||
| Recognition status of community land tenure | Community traditional or customary rights not recognized by government | |
Former use | ||
| Former land owner | State | |
| Comment on former land owner | Leased from the Agriculture Development Corporation (ADC) | |
Produce info | ||
Water | ||
Gender-related info | ||
Overall comment | ||
| Overall comment | It is understood that this land is all part of the Galana ranch/irrigation project along with deal #6827. | It is understood that this land is all part of the Galana ranch/irrigation project along with deal #6827. |
Meta | ||
| Fully updated | No | Yes |
Locations | ||
Data sources | ||
Data source #sB1JaIIL | ||
| Organisation | Nation | |
Data source #JTxJZ_gl | ||
| Organisation | Nation | |
Data source #BviyXNKc | ||
| Type | Media report | |
| Url | ||
| Keep PDF not public | No | |
| Publication title | Saudi prince sues Kenyan firm in ownership row | |
| Date | 2016-03-22 | |
| Name | VINCENT AGOYA | |
| Organisation | Nation | |
| Comment on data source | March 22- 2016 — updated on June 28- 2020 | |
Data source #RVHSgkkq | ||
| File | ||
| Type | Media report | |
| Url | ||
| Keep PDF not public | No | |
| Publication title | How local investors, Saudi prince made peace in Galana Kulalu deal | |
| Date | 2021-05-30 | |
| Organisation | Breaking Kenya News | |
Data source #NFrXMNr0 | ||
| Type | Media report | |
| Url | ||
| Keep PDF not public | No | |
| Publication title | audi prince, Kenya partners locked in battle for agro-firm | |
| Date | 2016-03-22 | |
| Organisation | Business Day | |
Contracts | ||
Contract #JuTFcHhY | ||
| Duration of the agreement | 16 years | |
| Comment on contract | renewable | |