After failing to reach an agreement to develop three commercial ports with the Kenyatta administration, Emirati firm Dubai Port World (DP World) has now expressed interest in developing the Dongo Kundu Special Economic Zone (SEZ) in Mombasa. Last year, DP World sought concession licences to run and operate various infrastructure components in Mombasa, Lamu and […]
The Controller of Budget (COB) Mrs. Margret Nyakango has flagged the National Treasury for Sh1.65 billion paid to secure future loans arguing that borrowings should now be cancelled to ease the burden of payment on taxpayers. The amount is paid as commitment fees charged on borrowers for credit that has not been advanced as a […]
The National Treasury is going for a Sh60 billion loan from local investors to fund infrastructure development after the country’s debt piled to Sh7.35 trillion in January this year, down from Sh7.28 trillion last December. The debt is still expected to pile further if the treasury succeeds to secure Sh262 billion from the International Monetary […]
