Investigators target three CSs over dams tender - News Summed Up

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Investigators target three CSs over dams tender


Besides the Cabinet Secretaries, the DCI said he will also be summoning “all past and present principal secretaries” from the time the projects were conceptualised. The investigators are seeking to understand how a company with poor international ratings was awarded such a huge tender and paid colossal amounts of money in advance. At the time it clinched the tender, CMC di Ravenna was categorised by Standard and Poor’s as ‘CC’, meaning it was highly vulnerable. Investigators will also inquire into why the designs for the dams were being done “post-fact”, meaning after the payments and contracts had been made. The poor financial health of the Italian firm is thought to be the reason it abandoned Kenya’s Itare Dam and failed to start works at the Arror and Kimwerer sites.


Source: Daily Nation March 11, 2019 07:18 UTC



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