Kenyatta family earned up to 22 million in 2022 alone from land and sand deals during Nairobi Expressways 682 million construction.
Kenyas tax authority is probing 7.7 million in dividends linked to the project through shell firms tied to the family.
Disclosures show Enke Investments Ltd, owned by Kenyattas, was the real beneficiary behind Edge Worth Properties expressway deals.
Weeks after it emerged that the Kenyatta familys stake in NCBA GroupKenyas fourth-largest bankhad crossed the 100 million mark , fresh details have surfaced showing how the family quietly earned millions during the construction of the Nairobi Expressway.
The 17-mile toll road, connecting Jomo Kenyatta International Airport to Nairobis Westlands area, has often been hailed as a sign of national progress. But behind the scenes, Kenyas most prominent landowning family was doing more than cheering it on, they were profiting from it.
According to new findings, the Kenyattas provided both land and sand for the Ksh88 billion 682 million expressway through a web of shell companies. For a while, this remained under wraps. But that changed when the Kenya Revenue Authority KRA got involved.
Through a review of financial records, KRA discovered that the family, operating through proxies and corporate vehicles, could have earned between Ksh1.8 billion 14 million and Ksh2.8 billion 22 million from the project in 2022 alone.
KRA probes 7.7 million dividend flowEdge Worth Properties, one of the firms tied to the deal, came under scrutiny when KRA reviewed its financials covering 2018 to 2022. In July 2024, the agency demanded Ksh249.2 million 1.93 million in unpaid taxes. Among the red flags: questionable land-leveling expenses and what looked like interest-free loans to its only listed shareholder.