(Bloomberg) -- Projects to construct dams in Kenya's rift valley for a total of 50.5 billion shillings ($486 million), were found to be overpriced in an audit commissioned by President Uhuru Kenyatta.
The findings come less than three months after Kenyatta's former National Treasury Secretary, Henry Rotich, and other officials were forced out of office over allegations that they conspired to defraud the government while implementing the projects.
READ: Kenyan Finance Minister Arrested in Probe Into Financing of Dams
Kenyatta canceled the development of the 22 billion-shilling Kimwarer dam because, based on the audit findings, it's not technically or financially viable, the presidency said Wednesday in an emailed statement. Construction of the Arror multipurpose dam will proceed after adjustments that will reduce the cost to as low as 13.1 billion shillings from 28.3 billion shillings.
To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net
To contact the editors responsible for this story: David Malingha at dmalingha@bloomberg.net, Hilton Shone
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