Kenya paid $48 million to a French consortium without the approval of the Parliament for breach of a construction contract. The consortium involved three French firms; Vinci Highways SAS, Meridian Infrastructure Africa Fund, and Vinci Concessions SAS that were set to construct a mega highway project, however the contract was cancelled in favour of Chinese…...
Trending
- BGFI Holding Corporation: successful bet, the offer of 80.558 billion CFA francs oversubscribed
- Dakar-Bamako Corridor: the southern route cannot bear Mali alone
- Facing African financial boundaries, Dangote’s IPO extended
- Daily African Financial Markets: Dangote IPO Extended
- Lesotho: an agreement with the ALSF to better negotiate its major contracts
- Paris-N’Djamena: towards discreet aerial rearmament?
- WADB signs a $25 million USD revolving credit facility with Topaz Multi-Industries SA to strengthen the manufacturing industry in Guinea
- Tunisia: Ennakl Automobiles company’s profit decreases by 9.20% in the first half of 2026
Kenya’s Treasury paid French contractors $48 million without Parliament approval
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com