The government has signalled a shift in how Kenya plans to finance major infrastructure projects, calling for greater use of private capital and pension savings instead of relying heavily on government borrowing.
Speaking during the bell-ringing ceremony for the listing of the Spearhead Africa Infrastructure Fund at the Nairobi Securities Exchange, Treasury Cabinet Secretary John Mbadi said the government is focusing on creating market-based financing instruments to support infrastructure development. He noted that Kenya’s pension sector, which manages more than 2.8 trillion shillings in assets, can play a major role in financing roads, energy, water and other long-term projects while also delivering returns to contributors.
