Chinese, Qataris Portland deal flops after loss of USD 47.8 million

Nairobi [Kenya], April 20 (ANI): The Kenyan government has lost the fight to seize 4,272 acres from East Africa Portland Cement Company (EAPCC) for free, derailing plans to build affordable homes in a multibillion-shilling property deal financed by Chinese and Qataris, The East African reported.

A Kenyan High Court stopped the takeover of the land in Athi River valued at about Kenyan Shillings (KES) 6.4 billion (USD 47.8