Revamp Kenya’s investment negotiations

A man at Lake Turkana Wind Power. FILE PHOTO | NMG

The news that the government has paid more than Sh7 billion in penalties to investors behind the Lake Turkana Wind Power project is the latest example of badly negotiated deals that end up exposing the taxpayer to huge losses.

The payment may be legal. But in terms of opportunity cost, payment of a contractor claim running into billions for no value or service is a national scandal.

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Note: The results are not exact but very close to the actual.