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MPs: Poor finance models to blame for loss of billions in major projects

MPs: Why we are losing cash in dam projects

Members of a parliamentary committee have warned that Kenya will continue to lose billions of shillings due to lack of good financial models.

The National Assembly’s committee on Water, Environment and Natural Resources said Kenya’s dam construction was wanting because when the projects were completed they were unable to give enough returns to cover the operating cost and repayment of the money borrowed to build them.

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