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Global mining firms sue Kenya for $3.2 billion compensation

Trade Principal Secretary Chris Kiptoo addresses the National Agoa Strategy Validation Workshop at Radisson Blu Hotel, Nairobi, on January 18, 2018. He said several mining companies have had their licences revoked. PHOTO | DIANA NGILA | NATION MEDIA GROUP

By  BUSINESS DAILY

Nation Media Group

Global mining firms want Kenya compelled to pay Ksh334 billion ($3.2 billion) as compensation for cancelling their licences.

Trade Principal Secretary Chris Kiptoo says Kenya is actively involved in about 10 suits before a Dubai-based disputes tribunal.

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