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City of Cape Town wins case over R364 million water and sanitation tender

The City of Cape Town has won a Western Cape High Court case over the non-finalisation of a tender worth R364 million for the provision of professional services for water and sanitation. ....

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Italian firms demand Sh11bn for cancelled Arror, Kimwarer dams projects

Italian firms demand Sh11bn for cancelled Arror, Kimwarer dams projects
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.

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How Rotich diverted Sh11bn for Arror dam

How Rotich diverted Sh11bn for Arror dam
Wednesday February 24 2021
By OTIATO GUGUYU
Summary
Court filings by DPP Noordin Haji show that Mr Rotich facilitated direct payment of the amount to Italy’s SACE Insurance contrary to the law, which requires that all payments are processed through the consolidated account in Kenya.
The Sh11 billion was borrowed from BNP Paribas Forties S.A. /N.V, Itesa Sanpaolo S.P.A., Unicredit S.P.A. and Unicredit Bank AG in April 2017.
Former Treasury Cabinet Secretary Henry Rotich allegedly aided a Sh11 billion irregular offshore payment to an Italian insurance firm entangled in a suspect loan deal to finance the construction of Arror and Kimwarer dams, triggering concerns about kickbacks to officials involved in the projects. ....

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