Kenya: Declare Ken-Ren an Economic Sabotage

opinion

By 2015, when Kenya is due to make the last payments due on account of the phantom Ken-Ren Fertiliser Factory project, Kenyan taxpayers will have been gouged over Sh5.1 billion in respect of an original guarantee of only Sh50 million.

The Kenyan taxpayer will have paid 14 times the value of the project and received nothing. Without the factory Kenya continues to import almost 500,000 metric tones of fertilizer annually and the bill amounts to Tens-of-Billions-of-Shillings.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.