Sh21 billion sinks in Kerio phantom dam projects

What you need to know:

  • As a matter of fact, officials of the two institutions do not even know where in Elgeyo-Marakwet County the dams should be.
  • So brazen is the scandal that money was paid to CMC di Ravenna, whose officials have never been on the site, and for a project that has not even been designed.

  • Banks that loaned the country Sh65 billion for the two dams have written to the Treasury seeking a settlement of their demand notes.

After paying Sh21 billion to a bankrupt Italian firm to build two dams, the National Treasury has something to show for it — thickets and a seasonal stream.


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