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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

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    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

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    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

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    ASTM International pledges support for Ghana’s petroleum industry

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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

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UK battles Kenyan authorities over use of ‘Chickengate’ funds

bycitibusinessnews
April 8, 2016
in Africa, East Africa
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The British government has sharply differed with Kenyan authorities over the planned repatriation and use of money recovered from the so-called Chickengate scandal.

UK authorities have rejected assertions that they ‘dictated’ how the £349,057.39 (Sh50.05 million at current exchange rates) would be used, putting Kenya’s Ethics and Anti-Corruption Authority (EACC) chief executive Halakhe Waqo , on the spot for possible breach of Chapter Six of the Constitution and perjury.

Mr Waqo last Wednesday told the National Assembly’s Justice and Legal Affairs Committee that the British government had directed that funds confiscated from the Chickengate firm be used to buy ambulances.

But London’s Department for International Development (DFID) said it had strongly recommended that the money be used to buy bed nets for pregnant mothers and young children in malaria-prone areas but added that discussions were still ongoing on the matter when Mr Waqo told Parliament of the attempt to dictate use of the cash.

“DFID is not in a position to dictate or give any orders. This is money belonging to the Kenyan people and should be used to directly benefit the Kenyan people,” said Tony Gardner, the Deputy Head of DFID Kenya, in an exclusive interview with the Business Daily.

“Our suggestion is to buy bed nets. Our choice is based on our knowledge of the health sector, including the fact that malaria has funding gaps, and we have a well-established supply route.”

The Chickengate cash is enough to buy about 140,000 bed nets, DFID said, noting that increased coverage of insecticide-treated bed nets is key in lowering child mortality and reducing the risk of malaria to pregnant women.

Mr Gardner said British authorities were in favour of investing the money in projects that secure maximum benefits to Kenyans and have pretty small operating costs and hence ensuring most of the funds go into the social venture rather than administrative costs.

DFID said it has never held talks with the EACC on the use of the Chickengate funds, adding it had only talked to the Treasury and the Presidency.

London’s Southwark Crown Court on January 8, 2016 seized the assets of Smith & Ouzman, the UK printer at the centre of the bribery scam, to pay a total of £2.39 million (Sh351 million) in fines and penalties for paying Kenyan electoral and examination officials bribes codenamed ‘chicken’.

The UK’s Serious Fraud Office then in February announced that Kenyan taxpayers — who bore the brunt of the inflated printing tenders — are entitled to receive reparations equivalent to the £349,057.39 that Smith & Ouzman paid in kickbacks to win lucrative tenders at IIEC and Knec.

DFID — Britain’s international development agency — is expected to invest the funds in a legacy project in areas such as education, water and health for the benefit of the Kenyan people.

A new fully equipped four-wheel drive ambulance costs about Sh8 million, meaning the seized funds can only buy six ambulances.

–

Credit: Business Daily

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