How Italian Billionaire Could Lose This Luxurious Malindi Hotel
An Italian billionaire risks losing billions of shillings after conservationists petitioned government authorities to bring down a Sh50 Million wall he put up to shield his property in Malindi.
The Billionaires Resort owned by former Formula One boss Flavia Briatore has in the last two years been facing extinction as the ocean has been eating up its luxurious portion.
In response to the erosion, the Italian billionaire, with the approval of the National Environment Management Authority (NEMA), built a sea wall that was made from imported gabions.
“We spent half a million US dollars (Sh50 Million) to import proper gabions that would not destroy the sea,’’ said Dr Liliana Pierrino who is in charge of the resort.
However, the erection of the wall has resulted in widespread erosion in the areas neighbouring the wall. After an unrelenting cry from environmentalists, Nema reportedly ordered that the wall be demolished.
The National Land Commission (NLC) has also been asked to intervene on the matter. While on a visit to the resort, the NLC chairman Mohammed Swazuri sought explanation on why the investor was allowed to come up with a sea wall in the area, yet it posed risks to the environment.
Swazuri, however, noted that the final decision on the fate of the wall would be reached after the NLC consults with other stakeholders including the Kenya maritime Authority and Kenya Ports Authority.
Here are some of the Photos of the luxurious Hotel in Malindi: