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Kenya: Three senior Ministry of Energy and Finance officials could have engineered a deal where the Government lost more than Sh1 billion.
The deal saw Essar Energy Overseas of India take up a 50 per cent stake in the Kenya Petroleum Refinery Ltd (KPRL). The Public Investments Committee (PIC) of Parliament, in a report, says senior officials at the Treasury, Ministry of Energy and KPRL were negligent in handling the process that may have cost the taxpayer upwards of Sh1 billion.
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