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Financial Times calls out senior government official for sharing fake news linking Uhuru to Eurobond scandal

Financial Times reporter calls out KAA chairperson Caleb Kositany for sharing fake news linking Uhuru to the Eurobond scandal.

Caleb Kositany, the chairman of the Kenya Airports Authority (KAA), has come under fire from a Financial Times journalist for sharing bogus news that he claimed was released by a UK-based news agency.

Kositany shared a picture of a Financial Times cover page with the caption, “US Federal Reserve opens investigation on Kenya’s 2014 $2.75 billion (Ksh421 billion) Euro Bond,” on November 30.

The article claimed that $117 million (Ksh17 billion) raised from the Euro Bond was transferred to an account linked to Magana Kenyatta, the step-brother of former President Uhuru Kenyatta.

The article was claimed to be written by Demetri Sevastopulo, who has since flagged it as fake, alarming, and misleading. 

Sevastopulo, a reporter with over 13 years of experience covering China and the US, resorted to social media to query why a senior official would disseminate misleading information.

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“This is a complete fake. I did not write any story about Kenya. Mr Kositany, I hope you are more careful about how you run your airports and you should be ashamed for spreading such fake news,” the reporter chided Kositany.

He further claimed that he had only met the Kenyatta family at a young age, and discussions did not centre around the Euro Bond. 

“When I was 2 years old I did “meet” Jomo Kenyatta on a beach in Mombasa, but I am pretty sure we did not talk about the Federal Reserve,” he added.

This comes amid concerns over Kenya’s ability to settle its external debt, including Eurobond, which is set to mature in June 2024.

Kenya is set to pay the first batch of Eurobond loans worth Ksh500 billion in December.

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