Court clears Sh10bn Kenya award to non-existent firm

The Court of Appeal has cleared a non-existent Spanish firm, Instalaciones Inabensa, to pursue Sh10 billion from Kenya Electricity Transmission Company (Ketraco) despite warnings from the Attorney General. Inabensa was declared bankrupt and dissolved a month after the Supreme Court verdict in 2022. The firm transferred its rights to another Spanish company, C.A. Infraestructuras T & I SLU, and Kenya risks paying the same debt up to three times to separate entities.