The Postal Corporation of Kenya (PCK) has officially withdrawn its offer to sell Bharti Airtel International land in Nairobi on which to build its African headquarters, Business Daily reported online. It has now has asked Bharti Airtel to compete in an open tender for the plot to be announced "shortly", the newspaper said. The PCK asked its solicitors for the return of the title deed to the land, which was done on 14 December. According to communication seen by the Business Daily, the PCK board justified its decision by a four-page opinion written by Attorney-General Githu Muigai on 16 November, which cautioned that selling the plot to a predetermined buyer would go against the spirit of the Public Procurement and Disposal Act of 2005. The board that made the resolutions includes Information Permanent Secretary Bitange Ndemo, who had previously support the plan to sell the plot at Yaya Kilimani in Nairobi for KES 543 million. The change of heart emerged after a firm called The King Realtor's made a counter-proposal to buy it for USD 10 million. PCK needs money, with staff having been on strike over low pay in the past three weeks and difficulties financing the redundancies of some of the 4,000 employees inherited from the defunct Kenya Posts and Telecommunications. President Mwai Kibaki and Prime Minister Raila Odinga had backed the sale to Airtel.
Source: http://c.moreover.com/click/here.pl?r5692204706
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