The President said the project reflected a shift from traditional infrastructure financing, where the government relies heavily on taxes and public borrowing, towards a model that brings private capital into commercially viable projects
By Chrispho OwuorSpeaking on Radio Generation on Tuesday, Odhiambo Ramogi said he was “very uncomfortable” with the idea of greater government involvement in pensioners’ money, arguing that retirement savings should not be exposed to investments driven by political considerations.
By David AbonyoThe President said Africa has more than $2 trillion in domestic non-bank capital, including more than $1 trillion in pension and insurance assets, but much of this money is not reaching projects that need long-term financing.
By Maureen KinyanjuiSpeaking at the Islamic Finance Forum and Dialogue Conference in Nairobi on Thursday Somalia’s Ambassador to Kenya Jabril said East African countries needed financing for roads, ports, airports, energy, water, housing, telecommunications, technology, agriculture and human capital.
By Chrispho OwuorThe Public Service Superannuation Fund, which manages Sh340.4 billion for more than 529,000 public servants, has reduced the portion of its portfolio held in government securities from 99 per cent in 2023 to 74 per cent.
By Maureen KinyanjuiThe project is aimed at addressing the growing pressure on Nairobi’s roads by moving large numbers of passengers more efficiently and reducing the number of private and public vehicles on congested routes.
By Maureen KinyanjuiIf approved by Parliament, the changes will allow the agencies to identify and award successful bidders without the PPP Directorate reviewing their tender evaluation reports.
By Maureen KinyanjuiSpeaking during the signing of the Sovereign Wealth Fund Act at State House,Nairobi on Wednesday, Ruto said the government would inject Sh20 billion from the National Infrastructure Fund (NIF) to attract the remaining investment from private financiers instead of relying on borrowing or increasing taxes.
By David AbonyoSpeaking on Radio Generation on Tuesday, Mwinamo argued that SACCOs remain one of the few reliable financing options for small and medium-sized enterprises (SMEs), many of which struggle to access bank loans.
By David AbonyoKindiki noted that the legal framework required to operationalise the fund is already in place and that the government is finalising the remaining processes after securing the initial capital.
By Maureen KinyanjuiAccording to Mbadi, governments across the continent are being forced to carefully juggle between funding development projects and managing strained budgets. He pointed to global financial conditions that have made borrowing “more expensive, less predictable and restrictive for developing economies,” adding further pressure on already stretched public finances.
By David AbonyoThe Initial Public Offering raised Sh106 billion, funds that the government says will be directed to the newly established National Infrastructure Fund. The administration believes the move will help finance major projects without relying heavily on loans or additional taxes.
By David Abonyo