Sharp Daily
No Result
View All Result
Wednesday, January 14, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home International

Spain demands repayment of KES 1.2billion debt from Kenya

Brenda Murungi by Brenda Murungi
January 10, 2024
in International
Reading Time: 2 mins read

Kenya is embroiled in a diplomatic dispute concerning unpaid bills exceeding KES 1.2 billion, primarily related to the construction of a multipurpose dam at the lower Ewaso Ngiro by a Spanish company. The Embassy of Spain has reportedly communicated with various Kenyan government entities to facilitate payment, but success has been elusive.

The issue was raised during the Kenya-Spain joint business forum in Madrid, where the Minister for Foreign Affairs, Jose Albares Bueno, highlighted the outstanding bills. The amount in question poses a risk for Kenya, as a significant interest accrues due to the 10-year delay in settling the bill.

Spain’s Ambassador to Kenya, Javier Garcia de Viedma, expressed concern in a letter to the Treasury, stating, “As you are aware, the longstanding debt with the Spanish companies TYPSA is yet to be settled…despite the many efforts taken by the company and this embassy to collect the outstanding payments, we still have not received any way forward on the issue.”

Another letter addressed to the Head of Public Service, Felix Koskei, and copied to the then CS for the Ministry of East African Community, Rebecca Miano, affirmed that the Spanish company was contracted by the Ministry of Regional Development (now Ministry of East African Community). The contract, totaling KES 3.1 billion and KES 267.5 million, was for the detailed design of the lower Ewaso Ng’iro South river multipurpose dam.

RELATEDPOSTS

In duplum rule Kenya: slain lawyer Mathew Kyalo Mbobu wins posthumous victory against Sh69M predatory loan demand.

December 3, 2025

Kenya’s strategic debt pivot: Smoothing, Strengthening, Sustaining

August 27, 2025

The government of Kenya asserts that it awaits further verification from the pending bills committee, chaired by former Auditor General Edward Ouko, before proceeding with any resolution on the outstanding payments.

Previous Post

Mpesa services back after outage

Next Post

DRC court upholds Tshisekedi’s win amid electoral fraud allegations

Brenda Murungi

Brenda Murungi

Related Posts

Crime

Tall building collapses in south c Nairobi, rescue Efforts ongoing

January 2, 2026
Analysis

Tanzania’s independence day 2025: a nation mourns as celebrations give way to crisis

December 9, 2025
Analysis

Climate Finance in Africa: How Green Bonds Are Transforming Sustainable Investment.

November 28, 2025
Crime

How fake eTA sites are killing Kenya’s tourism dreams.

November 27, 2025
Analysis

Growing Appeal of Alternative Investments in Africa

November 21, 2025
Crime

Why urban Kenyans are turning to micro-homes and co-living spaces

November 5, 2025

LATEST STORIES

Why home ownership remains a powerful personal goal

January 14, 2026

The role of real estate in building generational wealth

January 14, 2026

The importance of customer service in retaining bank clients

January 14, 2026

How investing builds financial discipline and confidence

January 14, 2026

Uganda Polls Under Fire as Lobby Flags Safety and Fairness Concerns

January 14, 2026

Government plans to lease new KCC to private operators amid financial strain

January 14, 2026

Kenya keeps a close eye on Uganda’s vote as trade and security hang in the balance

January 14, 2026

Kenya’s telecoms face stricter quality rules as authority moves to raise standards to 90 percent

January 14, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024