Russian firm sues KenGen in Sh14.4bn tender dispute
Russian firm OJSC Power Machines has accused electricity generator KenGen of favouring a rival company competing for a Sh14.4 billion tender for the supply of geothermal power generation units to be used in the Ol Karia V plant. The firm has sued KenGen for awarding the multibillion-shilling deal to RentCo East Africa, which it says did not meet the tender requirements with regard to years of operation…[…]
H Young’s Sh70 billion road building deal is cancelled
Transport and Infrastructure ministry officials twisted evaluation criteria to award a Sh70 billion road construction tender to a firm associated with business tycoon Naushad Merali, the Public-Private Partnership (PPP) petition committee has found. The committee has ruled that the officials used unconventional financial evaluation technique to award H Young & Company a tender for construction of a 10,000-kilometre road. The decision locked out Singapore’s ITNL International, which filed the petition in protest…[…]
Swiss firm seeks to wrest Sh1.2bn KRA contract from French rival
A Swiss firm, Webb Fontaine Group, has sued the Kenya Revenue Authority (KRA) and the Public Procurement Authority over a Sh1.2 billion tender for a customs systems awarded to a French company. Webb Fontaine wants the Public Procurement Administrative Review Board compelled to hear its appeal against KRA’s decision to award the lucrative deal to France’s Bull SAS Group, claiming the procurement process was flawed…[…]
Telkom Kenya records biggest drop in fixed Internet market share
Telkom Kenya has lost 9.8 percentage points of its market share in fixed Internet, the latest data from the industry regulator indicates, in a period that saw Wananchi Group and Safaricom tighten their grip on fixed and mobile data business…[…]
Fast growing cane may help to end sugar deficit
An early maturing cane that could be commercialised soon by the Tana and Athi River Development Authority (Tarda), could help address the sugar deficit in the country. The authority, which recently launched its five-year strategic plan, said this project is in its to-do list. “Sugar consumption in Kenya is at 800,000 tonnes annually, while the production is at 600,000, leaving a deficit of 200,000 tonnes. We just need 25,000 hectares to bridge this gap with an early maturing cane variety”…[…]
CFC Stanbic Bank ordered to deposit Sh52m cash security over unpaid tax
CFC Stanbic Bank will have to deposit a Sh51.9 million cash surety if it wants to enjoy temporary stay orders against Kenya Revenue Authority (KRA), the High Court has ruled. The financial institution is embroiled in a legal battle with the taxman over alleged unpaid tax on a software it acquired. The court ruled that the bank should offer the guarantee within 45 days, failure to which KRA will be allowed to demand its claim…[…]