Government contracts

[wrongturn]

Why do we always sign one sided contracts. Why do we hate our future so much?

We already have power agreements till 2035 that cannot be revoked yet they were skewed in favor of the cartels.
Sahi the government is signing a one sided agreement that will lock it for 30 years.

 

[wrongturn]

Kenyan taxpayers could face substantial costs if there are disruptions or terminations related to the Adani-Jomo Kenyatta International Airport (JKIA) deal.

The agreement between Adani Airport Holdings Ltd and the Kenya Airports Authority (KAA) specifies that any interruptions caused by court actions, parliamentary decisions, or protests following the feasibility study will require Adani to be compensated for losses and anticipated profits.

If protests persist or if Parliament enacts laws detrimental to the Adani-JKIA deal, Adani will seek compensation for damages, lost returns, and investment costs.

The agreement designates such protests or government-controlled disruptions as "Material Adverse Government Actions (AGA)," which could negatively impact the company's operations or profitability.


AGA refers to any act or omission by any government entity in Kenya occurring after the signing date that materially affects Adani's ability to exercise or perform any of its material rights and obligations under the agreement and/or the costs or profits associated with such performance, limited to the circumstances specified in the head of terms agreement," states the confidential document.

Updated after a joint call on August 23, 2024, but dated August 13, the terms permit Adani to terminate the deal and demand compensation for damages, lost returns, and investment costs if the government fails to protect its business.

“If the Material Adverse Government Action is ongoing and prevents a party from meeting most of its obligations for six consecutive months, either party can terminate the agreement due to ‘Prolonged Material Adverse Government Action,’” explains the agreement.

Any civil commotion, boycott, or political agitation by Kenyans that prevents the collection of airport charges by Adani for more than seven days in a year will also be compensated.

The agreement stipulates that disputes will be resolved through international arbitration “in London, but the hearings will be held in Mauritius’’.

Other actions leading to compensation include changes in laws, regulations, or policies that make it more difficult or expensive to operate.

 

[Cortedivoire]

Nabii has already accepted billions in kickbacks. Meffi sana

 

[The.Black.Templar]

Kwani umesahau vile majamaa huattend these meetings?

Bora wakunywe kachai

 

[zapp_brannigan]

A new way of eating.
Do a skewed contract which you are sure people will complain about or get canceled. The contract gets canceled, and you get your cut after delivering nothing. You share the loot rinse and repeat.
Help me list them and you will see a pattern

 

[Eng'iti]

A new way of eating.
Do a skewed contract which you are sure people will complain about or get canceled. The contract gets canceled, and you get your cut after delivering nothing. You share the loot rinse and repeat.
Help me list them and you will see a pattern

Arror and Kimwarer

 

[Clemens]

Litigation is the way to go, if the agreement is found not to have adhered to the laws(which is the case in this instance). The courts can invalidate the contract and any damages due to the faulty contract.

 

[Tiiga Waana]

We always self-sabotage due to vested interests chiefly kickbacks and facilitation payments (illegal and corrupt of course).
In this particular case, Nabii has gotten a generous cut and if the project goes ahead will benefit in perpetuity without lifting a finger.

 

[livefire]

We have very greedy leaders, most of them but the worst are in executive led by the president and some prime cabinet secretary, am not convinced some cabinet CS did this deal on their own without the knowhow of the presidency. Not far behind is our greedy parliamentarians. Zero heart for the nation.

 

[zapp_brannigan]

Arror and Kimwarer

Green Field Terminal

 

[Field Marshal]

Why do we always sign one sided contracts. Why do we hate our future so much?

We already have power agreements till 2035 that cannot be revoked yet they were skewed in favor of the cartels.
Sahi the government is signing a one sided agreement that will lock it for 30 years.

View attachment 99204

All these PPPs are conduits of grand corruption and state capture.

I see some here trying to excuse Uhuru I go mad. UHURU IS EASILY THE MOST CORRUPT PRESIDENT WEVE HAD SINCE MOI.

But in many ways Moi was better. He knew something about NATIONAL INTETEST.

For Uhuru and his bratha Muhoho, it was about becoming dollar billionaires.

The damage they did to this country will take a century to undo.

Simple example? The Expressway. Overpriced with a lopsided contract. A very big percentage of user fees goes to pay a Kenyatta offshore company.

 

[The.Black.Templar]

Simple example? The Expressway. Overpriced with a lopsided contract. A very big percentage of user fees goes to pay a Kenyatta offshore company.

And they do not pay taxes

 

[Gus]

Why do we always sign one sided contracts. Why do we hate our future so much?

We already have power agreements till 2035 that cannot be revoked yet they were skewed in favor of the cartels.
Sahi the government is signing a one sided agreement that will lock it for 30 years.

View attachment 99204

Because there are greedy bastards in power who sign the contracts for bribes. The people who sign those contracts are bribed to sign them at the expense of every other Kenyan. They are the primary reason why Kenya will remain poor for a long time.

Hakuna tofauti ya the current African leaders and tribal chiefs of the 17th century who sold their citizens as slaves to Arabs and Europeans. Its the same forest but different monkeys. If you want to rape Africa, all you have to do is bribe greedy politicians and bureaucrats like Adani did. What Adani did has been happening since "independence".