Kenya is reportedly moving to cancel the Japanese-funded Likoni Bridge project despite years of preparation, completed designs and an already concluded procurement process.
The shift could mean losing a Sh6 billion grant and cheap Japanese financing in favour of a potentially more expensive Chinese deal.
The World Bank says electricity costs for businesses in Kenya are almost 50% higher than in Uganda and more than 124% higher than in Viet Nam, two of its peer countries.
The report says opaque power purchase agreements (PPAs) and weak procurement practices have contributed to high electricity costs.
I am speaking for the silent Kalenjin Majority when I say, Shame on you Kalenjin leaders! What is in MURANGA that is not at home?? What is in KIAMBU that is not at home! The citizens are tired! Only happy people are you,bloggers, your beneficiaries of those corruption schemes!
The World Bank says corruption concerns and misuse of public funds have been documented in several Kenyan projects and sectors.
They include:
— New stadium construction
— New health insurance system, involving fictitious entities
— SGR construction
— Pipeline projects
— Dam projects
— Road construction
— Education construction projects
— Public water utilities
— Power utilities
— County government projects
The World Bank says Kenya could have saved up to Sh117 billion in the construction of the Mombasa–Nairobi SGR if it had matched Tanzania’s cost per kilometre.
— Kenya’s SGR cost Sh988 million per km (diesel-powered), compared to Sh741 million per km in Tanzania (electrified) and Sh689 million per km in Ethiopia (electrified).
(At least 30% of the extra cost is linked to governance challenges, including fraud and non-competitive) contracting.
Ndii is right! President Ruto backs up Ndii’s argument that Affordable Housing construction workers are responsible for the milk shortage in the country
Your parents won't see you grow old. Your partner never knew you as a child, and your children won't remember you young. You are the only person who witnesses every version of yourself. Take care of yourself, value yourself and love yourself. You are your lifelong companion.