Kenya’s finance minister denies corruption, but market uneasy about power vacuum

Nairobi — Kenyan finance minister Henry Rotich pleaded not guilty on Tuesday to corruption charges over the award of two dam tenders in an unprecedented move against a sitting minister in a country notorious for graft.

Kenya also charged a director of the company, Paolo Porcelli, in absentia with conspiracy to defraud the country. Kenya will seek his extradition from Italy, director of public prosecutions Noordin Haji said on Tuesday. The two dams were budgeted to cost 46-billion shillings but the treasury borrowed 63-billion instead, Haji said on Monday, needlessly ratcheting up Kenya's ballooning public debt, which stands at about 55% of GDP.

The coalition was “openly divided” between Kikuyu supporters of President Uhuru Kenyatta and Kalenjin supporters of Vice-President William Ruto, he said. Rotich is a Kalenjin. Ruto has made clear he expects the coalition's nomination for the presidency in the 2022 elections, when Kenyatta will have to step down due to term limits.

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Kenya's finance minister, top officials arrested for graftKenya's Finance Minister Henry Rotich and other treasury officials were arrested on corruption and fraud charges over a multi-million dollar project. Thats what we need in Africa
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Kenya's cops pounce on finance minister, top officials on graft chargesKenya's Finance Minister Henry Rotich and other treasury officials were arrested Monday on corruption and fraud charges over a multi-million dollar project to build two mega dams, police said. Job well done I wish this can happen here at home. Police must arrest all corrupt ANC officials who have been stealing money all these years instead of delivering services.
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Kenyan minister arrested on suspicion of corruption - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Kenyan Finance Minister Henry Rotich was arrested on Monday on suspicion of corruption related to the construction of two dams. In South Africa, that minister would be sent to Netherlands to be an Ambassador This is how you root out corruption!!!! Arrest, Arrest! We are busy wasting taxpayers money la ngama commissions ☹️
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Kenya's finance minister arrested on graft chargesKenya’s finance minister was arrested on Monday on corruption charges linked to a mega dam project, a rare example of a sitting minister detained on such allegations in the graft-wracked country. tito_mboweni Watch Out!!!! Faster than CyrilRamaphosa ‘s promises on corruption
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Kenyan finance minister pleads not guilty to corruptionHenry Rotich, along with other senior government officials, is facing corruption charges over the award of two dam tenders
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Newsdeck: Kenyan finance minister arrested on graft chargesNAIROBI, July 22 (Reuters) - Kenyan Finance Minister Henry Rotich was arrested on Monday on suspicion of corruption related to the construction of two dams. Despite Kenya's notorious graft, it is unprecedented for a sitting minister to be arrested for corruption.
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