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.
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