Businessman Julius Mwale who’s identified for promoting wild desires coined as funding tasks in Africa is as soon as once more on a roll.
This time, an entry into the Democratic Republic of Congo (DRC) market the place he’s supposedly planning to ascertain a photo voltaic battery manufacturing plant.
By way of his conglomerate KE Worldwide, Mwale claims that the challenge will search to energy cities in Kenya and the remainder of Africa together with DRC.
Mwale who at all times has ghost traders claims that he struck a deal value Sh684 billion with totally different financiers and companions in the direction of the conclusion of the battery plant.
That is simply one of many imaginary tasks that Mwale is pitching to draw traders to pool up.
Mwale’s Sh200B Medical and Expertise Metropolis (MMTC) in Kakamega has been caught for ages with contractors crying foul and instances dragging in courtroom over unpaid payments by the businessman.
Mwale additionally claimed to be funding the Akon techno metropolis in Senegal however that challenge has by no means taken off regardless of having been allotted land for the event.
In Kenya, Mwale positioned the very best bid for the leasing of Mumias Sugar Firm however when he was requested to present sources and proof of his funds, he had no solutions, he even failed to boost the set bond by the corporate to qualify for bidding.
Satisfied that he didn’t have the Sh21B that he quoted and was simply promoting scorching air, the receiver-manager leased the corporate to a Ugandan agency Sarai Group who in reality had been the bottom bidders. Mwale opposed the lease abs has dragged the sugar firm into courts with limitless battles.
It’s humorous how he retains arising with these concepts but there’s no single challenge in his title that he’s ever accomplished.