Kenya spends at least Sh500 million in defending a single case filed by investors at international courts under the Bilateral Investment Treaties, according to a regional trade negotiation institute.
The government risks losing up to Sh500 billion in an international arbitration case against mining firm, Cortec, after it failed to provide Sh100 million in the second mini-budget to pay a UK-based law firm representing it in the case.
Plusieurs sociétés minières internationales réclament 3,3 milliards de dollars au Kenya auprès du Centre international pour le règlement des différends relatifs aux investissements.