Oct 21, 2021

Mawazo Writing Africa

Writing about the main

Kenya got Sh16bn loan forArror, Kimwarer dams during fraud probe

The Treasury’s public debt register shows that the Italian bank transferred the billions in July 2019, just days after former Treasury Secretary Henry Rotich was arrested on suspicion of financial misconduct related to the construction of the two dams.

This suggests that the arrests or ongoing investigation into a suspicious loan deal to finance the construction of the Arror and Kimwarer dams did not deter Intesa San Paolo from paying additional debt for the project.

The registry shows that Kenya received 3.4 billion shutters prior to July 2019 when reports and investigations into alleged financial misconduct related to the construction of two dams became public.

In September 2019 President Uhuru Kenyatta canceled. the projects after receiving a report from a technical committee that he formed following the discovery of irregularities and irregularities related to the two mega-infrastructure projects.

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