Kenyan govt rebuffs sell of Nairobi City to Chinese tycoon

Kenyan government has rejected a 30 billion dollar proposal deal from the Chinese tycoon Xeng Yang to sell Nairobi City to the tycoon.

After Kenyan President Uhuru Kenyatta rejected a Chinese loan totaling to 3.1 Billion Dollar from Africa’s biggest loan lender and investor, African leaders are not easily falling for Chinese Money.

Chinese tycoon, Xeng Yang is ready to offer a multi-billion deal to Kenya in exchange with the Nairobi city for a period of not more than 5 years.

Trillionare Xeng has revealed of his intention to turn the city into a hub of cybernetics and develop electronic machines and human brains work.

The Chinese tycoon has pleaded with the Kenyan government to agree to his deal as it will be of mutual benefit to both parties at the end of five years.

In a defensive statement, Kenyan president said that it will be difficult to run the country with all the loans they have received from China.

The Kenyan government has however rejected the proposal on arrival terming the deal as frivolous since Nairobi is the capital city of the country hence cannot be sold out at all costs.

The Kenyan deputy president, William Ruto has warned Chinese investors against taking advantage of Africa as the government will not allow.

Source : African Stand