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President Uhuru secures Chinese loan to complete the Garissa-Mandera tarmac
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Rainwater cut-off roads in most part of Northern Kenya. (Abdikadir Ukash)
NAIROBI—President Uhuru Kenyatta has secured funds to complete parts of Garissa-Mandera road.
The funds is part of a sh 230 billions the country is set to receive from the Chinese in loan and grants to finance Uhuru’s Big Four Agenda
The President is in Beijing, China, for the 2018 China-Africa summit secured loans and grants for Kenya through public private partnership (PPP) deals worth billions of shillings.
The head of state was in Beijing to attend the China-Africa Forum for Cooperation (FOCAC) 2018 Summit. On the sidelines of the summit, Uhuru held bilateral talks with his host, President Xi Jinping, which yielded a number of goodies for Kenya.
The new partnerships will fast track result of Kenya’s desire to shift away from pure debt financing with new emphasis being placed on PPPs and the need to explore innovative off balance sheet financing for the country’s infrastructure needs,” the president said.
Under such arrangements, Chinese private companies under the Kenya government’s roads annuity programme will construct two major highways in North Eastern.
The Modogashe-Habaswein-Samatar and Elwak-Rhamu roads will cost Sh15 billion.
