KPA Is Collateral For The Chinese Loans
Newsroom Updated 1 min read
According to Page. 3 of the Auditor Generals 's report that has been circulating on social media
- KPA is collateral for the Chinese loan since it is referred to as a borrower in the agreement
- The GoK waived sovereign immunity by signing the agreement
- Agreement is biased as disputes would be referred to China for arbitration.
However, some Kenyans have argued that leaked audit management letters, done prior to the managers response, will paint an unflattering picture of any organisation.
Kenyans have been urged to await the final audit report done in colour blue (they are on year 2016/17 now).
Support
Support this reporting
M-Pesa support recorded against this story.
Stay close
Get the briefing
Major updates by email. No spam.
Share
Save share card
Download a clean portrait card for sharing.
More from Nyakundi Report
Most read this week
2d · 1 min read
Probe Underway After Fatal Fall at Aga Khan University Hospital
by Nyakundi Report
2d · 15 min read
Elgon Group Payment Scandal: Luo Piny Festival Suppliers Expose CEO Mercy Wamoto in Ksh 105 Million Fallout
by Nyakundi Report
3d · 2 min read
US Congress Targets Kenya Over Alleged Recruitment for Russia's War
by Nyakundi Report
Jun 11 · 15 min read
The Kimalat Betrayal: How Land Fraudster Paul Waihenya and Havensfield Limited Sold Kenyans a Dream Investment That Turned Into a Costly Nightmare
by Nyakundi Report