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How dubious pacts could cost Kenya Sh334b

Trade Principal Secretary Chris Kiptoo blames vague language in investment treaties for predicament [Peter Ochieng, Standard]

Taxpayers could soon fork out Sh334 billion to several foreign investors, thanks to several defective treaty negotiations by the Government.

Trade Principal Secretary Chris Kiptoo said yesterday aggrieved investors had taken the Government to the London-based International Centre for Settlement of Investment Disputes (ICSID), seeking redress over the controversial deals.

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