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VIDEO: Massive gold reserves discovered at Nairobi’s Uhuru park

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BY KSN CORRESPONDENT AT UHURU PARK, NAIROBI

Kenya has discovered massive gold reserves at Uhuru Park, and officials are expected to make a public announcement anytime from now.

The news, first reported by a leading international  TV station, has been received with excitement by many Kenyans who said it would open unprecedented opportunities for them. However, environmentalists are skeptical about plans to start the excavation in one of the most well known public spaces  in Kenya

“This is Godsend. I will be there on Tuesday with my tools to start working on those fields. Hopefully the government will not chase us away,” said  Kamu Mburu, a frequent visitor at Uhuru Park. However, James Kataran of Environmental Freedom Inc wrote: “We will oppose this in the same way we did a major planned project at the park several years ago. They better go and discover gold elsewhere.”

According to  consortium of four leading companies led by US-based Erron Mobil, which has started drilling in ultra-deep waters offshore Karachi in Pakistan, they are likely to submit a preliminary report on Gold in Kenya to the World Bank by mid April,  official news agency APP reported on Thursday.

The consortium has claimed it has discovered massive gold reserves offshore Indus G-Block called Kekra-I some 230-km off the Karachi coast but the Kenyan deposits are more massive and the team is moving to Nairobi as soon as possible.

Gulf News earlier reported that the location of the reserves is closer to Nyayo House.

In 1989, Wangari Maathai and many of her followers held a protest at the park, attempting to stop the construction of the 60-storey Kenya Times Media Trust business complex. She was forced by the government to vacate her office and was vilified in parliament, but her protests and the government’s response led foreign investors to cancel the project.

Following the latest discovery,  Kenyan authorities are expected to make a statement on the way forward.

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Luxury Westlands hotel on auction over Sh240m debt

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A luxury hotel in Westlands, Nairobi formerly known Westend is set to be auctioned over unpaid Sh240 million bank loan.

In a notice published in the dailies Wednesday, Dalali Traders invited potential buyers of We Hotel and Suites formerly known as Westend to attend the event Thursday.

“Under instructions received from the charges advocate, we shall sell by public auction the under mentioned property on Thursday 20 February at our offices along Kijabe Street next to Universal Church starting at 10:30am,” the auctioneer said in a notice.

The hotel is associated with media entrepreneur Purish Shah.

Mr Shah, who is the vice chairman of Radio Africa linked urban station East FM had earlier pushed back similar attempts to sell his We Hotel and Suites through the court.

The Business Daily has learnt the latest planned auction of the upscale hotel is due to the debt owed to Bank of India. The hotel comprises a seven-storey b