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
- The Challenge of Mathematical Provisions in Life Insurance: The Actuary’s Challenge
- Banks: Shareholders of the Ivorian Bank Company will receive their 2025 dividends on July 31, 2026
- Togo raises 33 billion CFA francs in treasury bonds on the UMOA financial market
- Mouhamad Rassoul Dieng: “Africa must turn its ambitions into financeable projects”
- Nigeria: BIDC finances three transformative projects in Taraba State for $268 million
- Cameroon: Nearly 55 million USD to structure the local wheat sector
- Burkina Faso officially breaks diplomatic relations with France
- Negotiation of the United Nations Framework Convention on Tax Cooperation: a turning point for African States and civil society
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