The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The Sh337 billion Grand Falls Dam project. [File, Standard]
In ordinary business transactions in the private sector, a single botched contract that causes the company to suffer huge penalties would see heads rolling pretty fast, with a potential for recovery of lost money. Yet in the government, cancelling contracts with the attendant costs being borne by the taxpayer has been turned into a sport.
New administrations at both the national and county governments would cancel a contract on very flimsy grounds, only to re-tender the same project months later, sometimes at a higher contract price.
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