Kagame Is Laughing All The Way To The Bank

This post is also available in: enEnglish

Kigali Convention Centre (KCC) is finally here! Congratulations to all those involved in building it since 2008. It has been a long journey.

But like everything else in Kagame’s Kingdom there is a dark side – CASH!

While we were sleeping KCC mysteriously got new owners. Guess who are the owners:

The new owners include Prime Holdings and Crystal Ventures. This should come as a shock!

Back in 2006, the Kagame regime assured the IMF that Prime Holdings had ceased to manage public assets after it was caught stealing. Prime Holdings is a shadowy company that was unable to account for funds used to build the current Serena Hotel in Kigali and Gisenyi! Ten years later, the corrupt mafia-like Prime Holdings is back!

Evidently Kagame has rewarded Prime Holdings with a big cake – big money from the US$400 million Eurobond the Kagame regime borrowed to build KCC among other things!

So why did Kagame bring back the thieving Prime Holdings? The same reason Crystal Ventures became a co-owner of KCC. To siphon off CASH!

We hope the IMF is observing this ugly drama that is hidden away by the celebrations around the KCC.


Recommended For You

About the Author: Chris Kamo

Great Lakes Post is a news aggregation website run by Chris Kamo and the site consists of links to stories for from all over the world about life and current events .