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…...
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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.
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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….
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