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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.