A company linked to Kenyan businessmen Peter Munga and George Kariithi is locked in a deepening dispute with Chinese investors from Fenxi Mining Industry Co. Ltd over rights to coal blocks C and D in Kituis Mui Basin. The deposits are valued at Ksh3.9 trillion 30 billion, making the stakes unusually high for both sides.
Dispute over payments and control
Tensions escalated after Fenxi accused Munga and Kariithis Great Lakes Corporation of failing to pay a required 3.875 million contribution to secure the concession. The Chinese firm has warned it may pursue arbitration in Mauritius, saying Kenya has allowed the obstruction to continue for more than a decade.