BUSINESSPERSON OF INTEREST

SportPesa Billionaire’s Mansion, Farms Go Under The Hammer

Share
The listing comes even as Ndung'u continues to fight it out in the courts with SportPesa shareholders whom he fell out with.
The listing comes even as Ndung'u continues to fight it out in the courts with SportPesa shareholders whom he fell out with.
Share

A number of properties belonging to billionaire entrepreneur and SportPesa shareholder Paul Wanderi Ndung’u have been listed for auction. Among them are a prime residential property in Gigiri, Nairobi as well as farms in Laikipia.

Sitting on 2.8 acres in the diplomatic hub near the United Nations office, the two-storey four-bedroom Gigiri house serves as an office and also includes a single-storey servant’s quarter block, carport and external kitchen.

The property has been listed for auction by Garam Auctioneers. The auction is scheduled for March 21.

“All that parcel of land known as L.R. No. 7258/52 (I.R. No.22387) Gigiri Estate, Nairobi City registered in the name of Paul Wanderi Ndung’u g/t Simba Fresh Produce Limited,” the notice confirmed.

Also listed are three adjacent commercial farms in Solio Ranch, Laikipia associated with Simba Fresh Produce – the firm listed alongside Ndung’u in the Gigiri auction. The auction will be held on March 24.

READ>Contract Breach? SportPesa Protests Ksh79M Yanga-Haier Deal

The 600-acre parcel grows fresh vegetables, avocados, sorghum and fodder grass. It also includes an administration block and pack house, permanent store – inputs, workers’ quarters, semi-permanent store, garage shed, filed ablution blocks, and animal closures. Other infrastructures include boreholes, pump houses, solar panels stand, water towers, field holding sheds, and two dams.

“All those parcels of land known as L.R. Nos. 11571/42 (I.R. 113227/8); 11571/43 (I.R. 113227/9), and 11571/44 (I.R. 113227/10) Simba Fresh Produce Farm, Solio Ranch, Laikipia County registered in the name of Homes and Commercial Holdings Limited g/t Simba Fresh Produce Limited,” Garam noted.

The listing comes even as Ndung’u continues to fight it out in the courts with SportPesa shareholders whom he fell out with. Ndung’u and Asenath Wachira Maina have protested being pushed out and the transfer of the SportPesa brand to Milestone Games, a company associated with SportPesa CEO Ronald Karauri.

READ MORE>Karauri’s Fight for Billion-Dollar SportPesa Brand

 

Written by
BUSINESS TODAY -

editor [at] businesstoday.co.ke

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
CS Wyclife Oparanya, Senator Magret Kamar and Eldoret Deputy Governor after the consultative meeting on MUSCCO
BUSINESSFEATURED STORY

Moi University Sacco Society Survives Liquidation

Moi University Sacco Society (MUSCO) could be emerging out of its financial...

FEATURED STORY

KenGen Makes Radical Changes to its Governance Structures

KenGen (Kenya Electricity Generation Company) has received approval from shareholders to recalibrate...

Governor of the Central Bank of Kenya , Dr Kamau Thugge
BUSINESSMARKETS

Central Bank of Kenya Cuts Benchmark Rate to 8.75%

Central Bank of Kenya(CBK) top policy organ, the Monetary Policy Committee(MPC) has...

President William Ruto signs visitors book, seen by NSE Chairman Kiprono Kittony(l) Dr Chris Kipto PS Treasury and a top NSE official
BUSINESSFEATURED STORYNEWSSMART BUSINESSSTOCKS

Ziidi Trader App launched at NSE by President William Ruto

Ziidi Trader, a mobile App run by Safaricom has been officially launched...