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Post by job on May 20, 2010 21:50:32 GMT 3
Courtesy of Mars Group Kenya Updates: Mwai Kibaki's 'Anglo-Leasing', sired in the 1970s, when he was Kenya's
Finance Minister, buried in the Moi years, and revived
again in 2003, when he became President!!  Kenyan taxpayers sinking billions of hard-earned cash into pockets of old & wealthy barons Kenya’s Treasury has admitted it is Paying Austrian
and Belgian banks for the Ken Ren Chemical and Fertiliser
Factory that Never Was – Surely now we can have an Independent Forensic Audit
of the National Budget? Yesterday, the Kenyan Permanent Secretary for Finance, Joseph Kinyua, admitted
before the Public Accounts Committee that his office has been making payments
for the phantom Ken Ren Chemical and Fertiliser factory since 2003. We feel vindicated. It took a couple of years but Treasury has finally given up the fight to keep Kenyans from knowing that (though they can ill afford it) they are making payments for a fertilizer factory they never got; and to two Private Banks in Europe at that. The Public Accounts Committee will shortly summon the Attorney General, the Head
of the Public Service and the Treasury for a hearing in which the Public
Accounts Committee wants an explanation as to how this liability (about 4
billion shillings) came into being; and why Parliament was not officially told
about it as required by the Constitution of Kenya. We hope that the Public
Accounts Committee will also take the opportunity to find out from the Permanent
Secretary for Finance, Joseph Kinyua, why he denied the truth so vehemently,
repeatedly and ultimately pointlessly.If ever there was a prime candidate for a declaration of odious debt, it is the Ken Ren Fertiliser Factory. If ever there was a justification for the immediate commencement of the independent forensic audit of the National Budget ordered by Parliament last May, this is it. Read Post here: blog.marsgroupkenya.org/?p=1984 |
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Post by politicalmaniac on May 20, 2010 22:03:10 GMT 3
Man talk of stealing in broad daylight.
Wasnt this the deal that the sloth keguoya generali signed when he was masquerading as a competent and know it all economist Min of Finance decades ago? Na bado tuna lipa tuu?
Sheesh! cluck!
The problem with this fiasco is this.
Its difficult to distill them into a a few phrase factoids that wenye nchi can grasp and the get outraged and throw the bums out.
the sad thing is that just like kipkorios, this inept sloth from the slopes will sleep tight after he leaves the SH which he illegally and illicitly occupies.
What a pathetic sad excuse for a human this mass of cells is, from othaya.
A National disgrace.
And the fourth estate as usual just sleeps through such mega scandals.
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Post by kamalet on May 21, 2010 12:20:18 GMT 3
News?.....old News!!!
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Post by adongo23456 on May 21, 2010 14:36:49 GMT 3
Kenyans are being robbed and some people think that is OK because it is "old news". Just how pathetic can people be. No this is not old news. It is outright robbery of Kenyan taxpayer's money. The country is paying for a completely phony deal made by Kibaki a long time ago for a fertilizer factory that was never built and now Kenyans are paying for this non existing factory. This is an outrage. Many people who lead our country actually belong in jail. I hope the PAC puts more pressure on this. The big thieves who think they own the country will one day have to pay a very dear price even if we have to excavate their skeletons from their graves and burn them. adongo |
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Post by kamalet on May 21, 2010 16:49:07 GMT 3
Kenyans are being robbed and some people think that is OK because it is "old news". Just how pathetic can people be. No this is not old news. It is outright robbery of Kenyan taxpayer's money. The country is paying for a completely phony deal made by Kibaki a long time ago for a fertilizer factory that was never built and now Kenyans are paying for this non existing factory. This is an outrage. Many people who lead our country actually belong in jail. I hope the PAC puts more pressure on this. The big thieves who think they own the country will one day have to pay a very dear price even if we have to excavate their skeletons from their graves and burn them. adongo Unless one recently came from the decommissioned planet Pluto, the issue of the government paying the KenRen loans has been raised repeatedly by Mwalimu Mati's outfit - Marsgroup! The loan was even among those being rescheduled in 2003 by the Paris Group - with this particular one being covered by the Belgians - www.marsgroupkenya.org/debt/?Project=1576Kenyans were shafted ages ago! |
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Post by tiskie on May 21, 2010 16:59:50 GMT 3
Kenyans are being robbed and some people think that is OK because it is "old news". Just how pathetic can people be. No this is not old news. It is outright robbery of Kenyan taxpayer's money. The country is paying for a completely phony deal made by Kibaki a long time ago for a fertilizer factory that was never built and now Kenyans are paying for this non existing factory. This is an outrage. Many people who lead our country actually belong in jail. I hope the PAC puts more pressure on this. The big thieves who think they own the country will one day have to pay a very dear price even if we have to excavate their skeletons from their graves and burn them. adongo Unless one recently came from the decommissioned planet Pluto, the issue of the government paying the KenRen loans has been raised repeatedly by Mwalimu Mati's outfit - Marsgroup! The loan was even among those being rescheduled in 2003 by the Paris Group - with this particular one being covered by the Belgians - www.marsgroupkenya.org/debt/?Project=1576Kenyans were shafted ages ago! |
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Post by podp on Oct 22, 2012 23:35:17 GMT 3
Courtesy of Mars Group Kenya Updates: Mwai Kibaki's 'Anglo-Leasing', sired in the 1970s, when he was Kenya's
Finance Minister, buried in the Moi years, and revived
again in 2003, when he became President!! Kenyan taxpayers sinking billions of hard-earned cash into pockets of old & wealthy barons Kenya’s Treasury has admitted it is Paying Austrian
and Belgian banks for the Ken Ren Chemical and Fertiliser
Factory that Never Was – Surely now we can have an Independent Forensic Audit
of the National Budget? Yesterday, the Kenyan Permanent Secretary for Finance, Joseph Kinyua, admitted
before the Public Accounts Committee that his office has been making payments
for the phantom Ken Ren Chemical and Fertiliser factory since 2003. We feel vindicated. It took a couple of years but Treasury has finally given up the fight to keep Kenyans from knowing that (though they can ill afford it) they are making payments for a fertilizer factory they never got; and to two Private Banks in Europe at that. The Public Accounts Committee will shortly summon the Attorney General, the Head
of the Public Service and the Treasury for a hearing in which the Public
Accounts Committee wants an explanation as to how this liability (about 4
billion shillings) came into being; and why Parliament was not officially told
about it as required by the Constitution of Kenya. We hope that the Public
Accounts Committee will also take the opportunity to find out from the Permanent
Secretary for Finance, Joseph Kinyua, why he denied the truth so vehemently,
repeatedly and ultimately pointlessly.If ever there was a prime candidate for a declaration of odious debt, it is the Ken Ren Fertiliser Factory. If ever there was a justification for the immediate commencement of the independent forensic audit of the National Budget ordered by Parliament last May, this is it. Read Post here: blog.marsgroupkenya.org/?p=1984 it starts innocently and sometimes goes unreported until the damage control sets in www.businessdailyafrica.com/Kenya+Power+deal+that+forced+World+Bank+out+of+wind+farm+/-/539546/1538602/-/11vcp2sz/-/index.html" I absolutely understand where you are coming from, but not necessarily. If they overgenerate, power not accepted into the grid has to be taken as a loss by the generator. So this is what this PPA is forcing KPLC, or rather you and I to absorb. Excess doesn't mean we use it during shortages, it means it's left over during full capacity (and remember you can't store power)." is a reaction to IN SUMMARY The World Bank’s letter, which says Kenya could be stuck with excess power worth up to Sh8.5 billion annually, emerged as the Ministry of Energy confirmed the project will go ahead but with no State guarantees. Spain will provide €110 million (about Sh14.9 billion) to build the line with counterpart State funding set at €49 million (about Sh6.62 billion). A substation to be built at Loyangalani will cost about Sh4.32 billion while Sh190 million will be used to compensate those displaced by the line. |
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