Kenya eyes funding from private investors for various mega projects
Kenya’s Cabinet has given the nod to 56 projects, while eight more are awaiting approval. TEA Graphic
Kenya is banking on private investors to finance a number of ambitious infrastructure projects in the next five years. A Public-Private Partnership (PPP) Unit has been created at the Treasury to source financing for the projects.
The PPP Unit’s director, Stanley Kamau, said it will be floating tenders to attract private money to fund key projects, among them the proposed Lamu Port South Sudan Ethiopia Transport (Lapsset) corridor, as well as roads, power plants and university hostels.
