Siemens says Sh45bn at stake in Kenya firm row

Technicians relocate power transmission cables. FILE PHOTO | NMG

Local operators of global technology firm Siemens AG, which is building 1,000km high voltage direct current lines between Ethiopia and Kenya, is seeking the court’s protection to stop a firm that is threatening to file an insolvency petition over a disputed bill.

Siemens says in court filings it is apprehensive that if not restrained by the court Afrikon Limited might go ahead with its threat to file a winding up petition causing it reputational damage.

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