Ijue KADCO, kampuni hewa iliyokuwa ikiendesha uwanja wa ndege wa Kilimanjaro International Airport

The Evil Genius

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Mar 21, 2014
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๐—ฅ๐—˜๐—ฉ๐—˜๐—”๐—Ÿ๐—˜๐——: ๐—›๐—ผ๐˜„ ๐—ง๐—ฎ๐—ป๐˜‡๐—ฎ๐—ป๐—ถ๐—ฎ ๐˜€๐—ถ๐—ด๐—ป๐—ฒ๐—ฑ ๐—ฎ ๐—ฐ๐—ฟ๐—ฎ๐˜‡๐˜† ๐—ฑ๐—ฒ๐—ฎ๐—น ๐˜„๐—ถ๐˜๐—ต ๐—ฎ ๐—บ๐˜†๐˜€๐˜๐—ฒ๐—ฟ๐˜† ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐˜† ๐˜๐—ผ ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐—ฎ๐˜๐—ฒ ๐˜๐—ต๐—ฒ ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐—ฟ๐˜†'๐˜€ ๐—บ๐—ฎ๐—ถ๐—ป ๐˜๐—ผ๐˜‚๐—ฟ๐—ถ๐˜€๐˜ ๐—ฎ๐—ถ๐—ฟ๐—ฝ๐—ผ๐—ฟ๐˜

The government announced today that Kilimanjaro International Airport (KIA) will finally be handed over to the state-run Tanzania Airports Authority (TAA) tomorrow, but the real beneficiaries of KADCO, the company that operated the airport for 25 years and collected billions in revenues, remain shrouded in mystery

* KIA is the third-busiest airport in Tanzania and is the gateway to the country's main safari tourism hotspots in the northern circuit

CHRONOLOGY OF EVENTS:

โœ… 11 March 1998, Kilimanjaro Airports Development Company Limited (KADCO) is registered at BRELA, with mystery shareholders Mott MacDonald International Ltd (99%) and Inter Consult Ltd (1%)

โœ… Just 3 months after KADCO was registered (17 July 1998), it enters into a new shareholding agreement, where the Tanzania government got 24% of the shares of the company, Mott MacDonald International Ltd (41.4%), South Africa Infrastructure Fund (30%) and Inter Consult (T) Ltd (4.6%)

โœ… On 10 November 1998, just 8 months after KADCO was established, the company signs a 25-year concession agreement with the Tanzania government, giving it exclusive rights to develop and operate KIA, despite having no track record nor previous experience in running an airport

โœ… In 2006, the government reviewed the performance of KIA and discovered the following anomalies:

* Shareholders failed to invest in infrastructure upgrade at KIA, leading to poor performance of the airport

* KADCO was NOT PAYING any concession fee to the government for operating the airport despite collecting revenue. There was no concession fee clause in the agreement

* There is also no clause for TERMINATION of the concession in the agreement. The agreement only has a clause for renewal of the lease after every 15 years when the 25-year concession expires

* The concession agreement PROHIBITS the construction of any international airport within a 240km radius of any side of KIA, hence effectively giving KADCO exclusive rights to operate the only international airport in the region

โœ… When government sought a review of the unconscionable terms of the concession agreement, the shareholders REJECTED any amendments. In 2009, the government decided to buy out the shareholders of the company and acquired 100% ownership of KADCO. It remains unclear how much the government PAID the shareholders to reliquish ownership

โœ… KADCO continued to operate KIA, despite the government taking 100% ownership of the company amid audit queries from the CAG and Parliament on the WHEREABOUTS of revenue collected by KADCO as operator of the airport

โœ… 9 November 2023, the Minister of Transport, Prof. Makame Mbarawa, announced in Parliament that KIA will now officially be handed over to TAA on 10 November 2023
 
๐—ฅ๐—˜๐—ฉ๐—˜๐—”๐—Ÿ๐—˜๐——: ๐—›๐—ผ๐˜„ ๐—ง๐—ฎ๐—ป๐˜‡๐—ฎ๐—ป๐—ถ๐—ฎ ๐˜€๐—ถ๐—ด๐—ป๐—ฒ๐—ฑ ๐—ฎ ๐—ฐ๐—ฟ๐—ฎ๐˜‡๐˜† ๐—ฑ๐—ฒ๐—ฎ๐—น ๐˜„๐—ถ๐˜๐—ต ๐—ฎ ๐—บ๐˜†๐˜€๐˜๐—ฒ๐—ฟ๐˜† ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐˜† ๐˜๐—ผ ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐—ฎ๐˜๐—ฒ ๐˜๐—ต๐—ฒ ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐—ฟ๐˜†'๐˜€ ๐—บ๐—ฎ๐—ถ๐—ป ๐˜๐—ผ๐˜‚๐—ฟ๐—ถ๐˜€๐˜ ๐—ฎ๐—ถ๐—ฟ๐—ฝ๐—ผ๐—ฟ๐˜

The government announced today that Kilimanjaro International Airport (KIA) will finally be handed over to the state-run Tanzania Airports Authority (TAA) tomorrow, but the real beneficiaries of KADCO, the company that operated the airport for 25 ye2023
Shamba la Bibi....
 
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Na sisi tukichunguza kwa makini tutafanikiwa siku moja
 
โœ… 9 November 2023, the Minister of Transport, Prof. Makame Mbarawa, announced in Parliament that KIA will now officially be handed over to TAA on 10 November 2023
And howmuch has the Taxpayer lost in this Debacle by re-buying what was his in the first place ?!!!; Only to be given again in the near future and the whole shenanigans will start again....
 
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