Moses Kuria, a prominent member of President William Ruto’s Council of Economic Advisers, is now facing an auction of his properties following an undisclosed debt.
Two of his real estate investments apartment blocks in Juja and Ruaka, Kiambu County are set to be sold off by Garam Investments Ltd. on April 8, 2025.
For over two years, Kuria has denied any association with InvestAfrica-FZCO, a UAE-registered firm making strategic acquisitions in Kenya.
CS kuria appearing lost in thoughts. Photo: NTV Kenya Source: X
However, recent auction announcements hint at a deeper connection.
The advertisement reveals that both Kuria’s properties and InvestAfrica-FZCO share the same postal address, raising eyebrows about potential ties between the two.
The auction comes at a time when InvestAfrica-FZCO is making significant moves in Kenya’s business landscape, including its recent acquisition of a stake in Eveready EA and the purchase of Kenya Orchards Ltd (KOL).
Despite these high-profile investments, the company operates under the strict secrecy laws of the UAE, protecting the identities of its beneficial owners.
Public service CS Hon. Moses Kuria chats with Deputy President Hon. Rigathi Gachagua during a past state event
Kuria, who has been linked to InvestAfrica-FZCO through his brother and business associates, continues to deny ownership.
The two properties up for auction include the Briden Apartments in Juja and Ruaka.
The Juja building, a five-story block of apartments, is located in the Kalimoni area and generates approximately Sh541,000 in rental income each month.
The Ruaka block, a similar five-story structure, sits on a larger plot and offers a mix of one-bedroom and bedsitter units.
Former Trade CS Moses Kuria speaks during a past event. Photo: Citizen TV Kenya. Photo: NTV Kenya Source: Facebook
The auction is set to take place at Garam Investments’ premises, with a Sh3 million refundable deposit required from interested buyers.
If no payment is made within the stipulated 90 days, the deposit will be forfeited.
This is not the first time Kuria’s financial troubles have made headlines, and his properties’ auction could mark the start of a bigger unraveling.
