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How China contractors drove Kenyan firms out of mega projects
Outer Ring Road in Nairobi is one of the major construction projects being undertaken by Chinese contractors across the country. FILE PHOTO | NATION MEDIA GROUP
Big Kenyan contractors are feeling the heat of competition from deep-pocketed Chinese rivals whose superior machinery and lower bids for lucrative State tenders have driven local firms out of business.
Kundan Singh, Spencon Holdings and Mugoya Construction are some of the erstwhile big names that have fallen on hard times due to the Chinese invasion, ending up under receivership with hundreds of job losses and billions of shillings worth of bad debts.
