infrastructure Stories

Treasury forms expert team to mobilise local capital for development, reduce reliance on loans
Maureen Kinyanjui  |  Jan 23, 2025

The committee's task includes identifying viable PPP projects, such as the expansion of the Jomo Kenyatta International Airport airfield.

CBK raises Sh48.5 billion in oversubscribed bond sale as interest rates fall
Maureen Kinyanjui  |  Jan 17, 2025

The auction, which closed on Wednesday, included two long-term bonds, the 15-year bond, first issued in 2018, and the 25-year bond that debuted in 202...

Treasury targets Sh2.5 trillion in pension, insurance savings for infrastructure projects
Maureen Kinyanjui  |  Dec 12, 2024

This initiative follows the collapse of high-profile PPP deals involving Indian billionaire Gautam Adani in Kenya's road and energy sectors, amid alle...

National Assembly rejects 5 per cent tax on infrastructure bonds interest
Maureen Kinyanjui  |  Dec 05, 2024

The Treasury had projected that taxing infrastructure bond interest would generate Sh13 billion annually, a crucial part of its efforts to raise Sh174...

State unveils 1,236 projects to benefit 6 million Kenyans in marginalised areas
Maureen Kinyanjui  |  Dec 05, 2024

This move is in line with the government's commitment to bridging the gap between the marginalised and more developed regions of the country.

Kenya eyes diaspora bond to fund JKIA airport expansion, says Mudavadi
Lucy Mumbi  |  Dec 04, 2024

Initially proposed in early February 2024, the bond’s development was put on hold due to concerns about whether the overseas Kenyan community would bu...

New Bill seeks to tax infrastructure bond interest to raise Sh13.4 billion annually
Lucy Mumbi  |  Dec 02, 2024

The new tax would apply to bonds issued in the future, replacing the existing 25 securities listed on the Nairobi Securities Exchange (NSE) and valued...

Gen Z anti-tax demos dented Kenya’s GDP growth prospect for 2025 - IMF
Alfred Onyango  |  Nov 02, 2024

Tthe IMF has lowered Kenya's GDP growth forecast for the country to 5.0 per cent.

Govt invites public feedback on Bill proposing Sh15m fine for damaging critical infrastructure
Lucy Mumbi  |  Oct 13, 2024

“Any person who commits such an offense shall be liable to a fine of not more than fifteen (15) million shillings or imprisonment for a term not excee...

Kenya formally joins Asian Infrastructure Investment Bank
Mwangi Maina  |  Sep 03, 2024

Ruto stated that this membership would allow Kenya to access concessional funding for a variety of development projects.

Opinion: Mombasa must extend key investments beyond Nyali for equal growth
Mohamed Ahmed  |  Aug 23, 2024

The infrastructure development in Nyali has made it a convenient hub laden with social amenities such as schools, hospitals, and recreational faciliti...

Turkana water provider rolls out surveillance of water infrastructure to deter vandalism
Waweru Wairimu  |  Aug 03, 2024

The public engagements are also expected to improve the relationship between the consumers and the service provider and promote information sharing mo...

Somalia farmers get Sh3.2 billion boost for fight against food insecurity
Vincent Ombati  |  Jun 24, 2024

The TRANSFORM project has seen Somalia receive Sh3.2 billion in funding to rehabilitate the Jowhar Canal irrigation infrastructure which will be criti...

Sh193.4 billion earmarked for infrastructure in 2024/25 budget
Farhiya Hussein  |  Jun 13, 2024

Sh69.5 billion is allocated for road maintenance activities with Ndung’u saying regular maintenance is crucial for the longevity and usability of road...

South Sudan MPs urge suspension of infrastructure projects to pay civil servants
Amina Wako  |  Jun 12, 2024

The MPs urged this action on Tuesday while reacting to reports from the country's Ministry of Finance to the parliament on the looming hunger crisis i...

Banks list cyber risk as topmost concern in innovation in 2023 - CBK
Alfred Onyango  |  Jun 07, 2024

Data by the Communications Authority of Kenya (CA) shows Kenya witnessed increased cyber threats in the three months to December last year, with more...

Ruto, Biden stress digital cooperation as key to Kenya-US ties
Maureen Kinyanjui  |  May 23, 2024

Both Ruto and Biden acknowledged the crucial role of public-private partnerships in driving this technological revolution.

£5.1 billion, 17-mile underwater tunnel to connect Spain to Morocco
Amina Wako  |  Apr 30, 2024

While the official costs have not been disclosed, it is believed that the project will cost approximately €6 billion (£5.1 billion). 

Parliament approves new cybersecurity regulations
Hanifa Adan  |  Apr 12, 2024

Law enforcement agencies will provide platforms for anonymous reporting to allow any person to disclose useful information relating to cyber incidents...

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