Published
6 years agoon
By
Kulan PostYour ads will be inserted here by
Easy Plugin for AdSense.
Please go to the plugin admin page to
Paste your ad code OR
Suppress this ad slot.
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.
What’s causing the catastrophic rainfall in Kenya?
Ignoring Tragedies: The Perpetual Suffering of Garissa
Unexploded colonial-era bomb discovered in Gar
Resign for poor performance, MP tells CS for Transport over Garissa boat tragedy
Five people killed in Elwak town in a blast attack. The explosives were hidden on a donkey cart
OPINION: Reports of Toxic Waste Dumping in Northern Kenya Calls for Thorough Investigation