Kenya – Trouble on the Lunatic Express




TheDailyReporter (Kenya), TheObserver (Uganda), DeCorrespondent (Netherlands), and MO (Belgium) published our partner Finance Uncovered’s investigation into the Rift Valley Railway, the railroad connecting Kampala to the port of Mombasa. This article tackles the DFIs’ involvement in a railway project in Kenya via a private equity fund registered in a tax haven. The case raises some serious questions about how development funds are used and managed and other usual problems like lending through financial intermediaries and development impact on the ground, funds registered in tax havens, transparency and accountability…

Read the full article here.

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