Read how the man who wants to be Kenya’s next president acquired his wealth which includes investments in the lucrative petroleum industry and in manufacturing.
Raila Odinga’s big break came in 2001 soon after he led his party, NDP, into a merger with Kanu, the then ruling party. As Energy Minister in Moi’s government he was introduced to the family of Sheikh Abdukeder AlBakari, one of the richest families in Saudi Arabia with interests in petroleum drilling, petroleum exploration and export in the Middle East, Asia, USA and Africa.
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Through the Saudi contacts, Raila was initiated into the lucrative world of oil business and soon enough he had joined the league of gig independent oil importers via his firm Pan African Petroleum Limited.
Industry sources say that one of the things that helped Raila make a quick buck in the oil business was a concessionary petroleum deal he struck with the Al Bakri Group where he was not only incorporated as a silent partner in the local arm of Al Bakri International but was also supplied with petroleum products from Saudi Arabia at subsidized prices which his firm would sell in the market at normal prices.
That way, Raila was able to deftly beat........Continue Reading
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