Kenya: How Kenya Lost Sh3.2bn in Abrupt Fuel Deal Cancellation

A state-owned oil company reveals a last-minute government cancellation of a critical fuel deal, leaving taxpayers liable for billions in penalties. | Contesto: cronaca

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• Kenya: How Kenya Lost Sh3.2bn in Abrupt Fuel Deal Cancellation

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NAIROBI, Kenya – The managing director of a state-owned oil company has told a Senate committee that the abrupt cancellation of a major fuel import deal, initiated at the government's own urgent request, has exposed Kenyan taxpayers to potential losses exceeding 3.2 billion shillings. Appearing before the Senate Standing Committee on Energy, Angeline Maangi disclosed that her firm had swiftly mobilized to secure vital fuel supplies after receiving a direct and urgent directive from the government, only for the Ministry of Energy and Petroleum to terminate the arrangement at the final moment. The revelation, made during a tense hearing focused on national fuel procurement and security, points to a significant breakdown in inter-agency coordination at the highest levels, with substantial financial consequences. The deal's origins lie in a pressing government mandate to bolster national fuel reserves, a critical concern for a nation heavily reliant on imported petroleum. According to Maangi's testimony, her corporation acted in good faith as a government agent, engaging with international suppliers and committing significant resources to fulfill the state's directive. The process involved negotiating complex terms, securing shipping, and arranging logistics to ensure a timely delivery that would avert any potential supply shortfalls. The company's actions were framed as a necessary response to a perceived national emergency, undertaken with the explicit understanding that it was executing official policy. However, the commercial and logistical commitments made by the company have now become liabilities. The 3.2-billion-shilling figure represents contractual penalties, logistical demurrage costs, and other expenses incurred from the sudden cancellation. These are not theoretical losses but accrued financial obligations to third-party international suppliers and shipping entities. The company, as the contracting party, is legally on the hook for these costs, raising the immediate question of whether the national treasury—and by extension, the public—will be forced to cover a bill for a deal that never materialized. The disclosure has ignited fierce scrutiny of...

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Categoria: cronaca