World Bank wants Sh1trn Kibaki-era projects stopped

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[Source: Business Daily, by Otiato Guguyu]

The World Bank has called for the cancellation of incomplete infrastructure projects worth Sh1.1 trillion, mostly initiated during the Kibaki era whose termination could expose Kenya to legal suits.

The national government has 3,972 ongoing projects, many of which are delayed, incomplete or stalled.

The Bretton Woods institution said Kenya, which has set aside Sh516 billion for all development projects, is unlikely to fund the 522 dormant plans that are increasing funding pressures and piling up pending bills…

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