Kenyan journalist Patrick Mayoyo. [Photo/businesstoday.co.ke]
Kenya investigative journalist Patrick Mayoyo has won a top ward for his expose on how World Bank loans to Rift Valley Railways were stolen by a rail company in Kenya and Uganda.
The story, titled the Lunatic Express Files, was among stories that won accolades during the Norbert Zongo Investigative Journalism awards.
In the story, Mayoyo, revealed how part of Ksh 17 billion (US$164 million) loans meant to improve RVR’s services by buying new engines was used on purchasing old ones.
The old ones were modified at a cost of six times their value.
He revealed how development finance institutions supported companies using the world’s most secretive financial centrer not have proper mechanism in place to monitor loans they advanced to developing countries.
Mayoyo, also revealed that developing countries lose billions of dollars every year through tax avoidance and evasion.
The Nobert Zongo Investigative Journalism Prize is an award of excellence to reward the best works of Investigative journalism across Africa.