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Home Africa

Elon Musks Company Pulls Out of Billion Shilling Deals in Kenya

Doris Israel Ijeoma by Doris Israel Ijeoma
April 3, 2025
in Africa, Business, International, News
0
Elon Musks Company Pulls Out of Billion Shilling Deals in Kenya

Elon Musk’s company DOGE has terminated two major contracts in Kenya worth over Ksh10 billion.

The decision comes as a surprise, affecting key projects that were expected to boost investment in the country.

The contracts were scrapped on April 3, 2025. Details surrounding the termination remain unclear, but the move has raised concerns among stakeholders in the affected sectors.

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The cancelled deals involved collaborations between Musk’s US-based company and Kenyan firms. These agreements were expected to bring advanced technology and infrastructure improvements, creating new opportunities in the local economy.

Officials from the Kenyan government and business community are still trying to determine the reasons behind the abrupt decision. Some reports suggest financial or regulatory challenges could have played a role, while others believe it may be linked to shifting company strategies.

The withdrawal of these contracts will likely have a major impact on businesses and employees who were relying on the projects. Many are now left uncertain about the future, as the country assesses how to recover from the loss.

With no official statement from Musk or his company yet, many questions remain unanswered. Industry experts are watching closely to see if there will be any negotiations or if the contracts are permanently off the table.

Tags: Billions of ShillingsDOGEElon MuskKenya
Doris Israel Ijeoma

Doris Israel Ijeoma

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