Infrastructure
Government turns to private sector for project funding
By Ben Kinyanjui
Kenya requires an estimated Sh4, 400 billion for infrastructure development in the next eight years, Treasury PS Joseph Kinyua has said.
Already the government is seeking a Sh6 billion loan from the international money market to fund projects in roads, energy and water during this year.
World Bank pledges more funds for energy, transport and water
By Ben Kinyanjui
Kenya has the opportunity to achieve higher, more sustainable growth if it increases investments in infrastructure and climate resilient development, Ms Rachel Kyte, World Bank Vice President for Sustainable Development, said in Nairobi at the end of a three day official visit.
World Bank has pledged more money for infrastructure
“This is an important year for Kenya and we trust that the momentum of growth and reform will be maintained,” said Kyte.
Kenya’s fourth international airport opens in Kisumu
By Ben Kinyanjui
President Mwai Kibaki Thursday opened Kenya’s fourth international airport in Kisumu as efforts to open up transport and communication sector in East Africa gather momentum.
President Kibaki says infrastructure is key to development
The airport upgraded at a cost of Sh3 billion is expected to open up the western Kenyan region that is suitable for commercial farming as well as fishing around Lake Victoria.
Encourage Public Private Partnerships to develop infrastructure in Africa, urges Uhuru Kenyatta
By Ben Kinyanjui
The Government will reach out to the private sector to fund some of the infrastructure projects like roads and energy generation, Finance Minister Uhuru Kenyatta has said.
Finance minister Uhuru Kenyatta says more money needed for infrastructure
Addressing the third African Public Private Partnership Conference in Nairobi, Mr Uhuru said demand for infrastructure was overwhelming and the government is no longer able to meet the entire financing needs.
Traffic congestion in Nairobi to ease as Chinese Government gives Sh16.9 billion for city road
By Ben Kinyanjui
The Chinese Government has given Sh16.9 billion to build the Southern Bypass road that will help ease traffic congestion in the city.
Finance minister Uhuru Kenyatta (right) welcomes Chinese Government financial support
The bypass that was identified as a missing link almost a decade ago will divert traffic and especially heavy commercial vehicles using the Mombasa-Nariobi-Busia Highway.
High energy costs discouraging foreign direct investment, says top industrialisation official
By Today Financial News Reporter
Inadequate and costly energy in the country cannot attract and sustain major foreign investments and especially in the manufacturing sector that rely on reliable and affordable power.
Industrialisation minister Amason Kingi says inadequate and expensive energy is not attractive to investors in the manufacturing sector
Industrialisation Permanent Secretary Eng Karanja Kibicho says the current energy produced in the country is not sufficient enough to meet the requirement of the industrial sector that consume about 70 to 80 per cent of the energy produced.
