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Forum => Kenya Discussion => Topic started by: RVtitem on September 07, 2016, 05:22:27 PM

Title: Chinese firm expects super profit of Sh8.6b from Nairobi project
Post by: RVtitem on September 07, 2016, 05:22:27 PM

China Wu Yi expects to earn an abnormal profit of Sh8.6 billion from a contract to upgrade a 25km section of the Nairobi-Nakuru Highway.
Directors of the Chinese State-owned firm were told yesterday that more than half of the contract sum of Sh16.4 billion would accrue as profits. The message to directors offers Kenyans a rare glimpse of how lucrative  infrastructure projects are for Chinese firms, and more broadly, what informs the scramble for African opportunities.

http://www.standardmedia.co.ke/m/article/2000214958/chinese-firm-expects-super-profit-of-sh8-6b-from-nairobi-project/?pageNo=1