StanChart, Heritage to pay Sh7.7bn for Arror dam scandal

A file photo of workers at Kipsaiya, Elgeyo-Marakwet County, where Arror dam was to be constructed. FILE PHOTO | NMG

The State is seeking Sh7.7 billion from Heritage Insurance and Standard Chartered Bank #ticker:SCBK for insurance guarantees paid for the controversial Arror and Kimwarer dams.

The State Department for Northern Corridor and the Kerio Valley Development Authority (KVDA) told Parliament last week that the State is demanding Sh4.1 billion from Heritage Insurance for the Arror dam.

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