From Standard

Investors stand to win big as the country looks to the capital markets to raise billions of shillings needed to jump-start massive infrastructure projects. This comes as traditional avenues of finance dwindle, forcing developers to turn to the local capital markets and the private sector to finance massive developments in energy and transport infrastructure across the region. “We need $48 billion (Sh4.272 trillion) to fund energy and infrastructure projects, mostly energy and transport, and the only way we can fill this gap is through the capital markets and public–private partnership (PPPs),” said Laila Macharia, founder and CEO of advisory firm Scion Real Estate Ltd. Kenya is currently in the middle of more than half a dozen energy, transport, and infrastructure projects whose combined cost is close to Sh4 trillion.

Written by Frankline Sunday/ Read more at Standard