Business & Economy3 stories from 2 sources
United Bank for Africa (UBA) has committed $150 million (Sh20.5 billion) to Kenya’s Roads Levy Securitisation Programme, boosting a Sh175 billion plan to revive over 580 stalled road projects. Separately, Kenya plans to raise KSh 901 billion in new debt for the upcoming fiscal year, with 72% of it to be sourced from the domestic market. This strategy aligns with the 2025 Medium-Term Debt Management Strategy to reduce refinancing and exchange rate risks. Additionally, Tourism Cabinet Secretary Rebecca Miano defended a proposed increase in national park entry fees. The Kenya Wildlife Service (KWS) aims to use these revisions, the first in nearly two decades, to close a Sh12 billion annual funding deficit and cover rising maintenance costs.
United Bank for Africa (UBA) has committed $150 million (Sh20.5 billion) to Kenya’s Roads Levy Securitisation Programme, providing a significant boost to the Sh175 billion infrastructure plan that aims to revive over 580 stalled road projects.
Summary & Analysis
Kenya plans to raise KSh 901 billion in new debt for the upcoming fiscal year, with the majority, 72%, sourced from the domestic market. This strategy aims to reduce refinancing and exchange rate risks, aligning with the 2025 Medium-Term Debt Management Strategy.
Summary & Analysis
Tourism Cabinet Secretary Rebecca Miano has defended the proposed increase in Kenya's national park entry fees, citing a persistent funding gap in conservation and rising maintenance costs. The Kenya Wildlife Service (KWS) aims to close a Sh12 billion annual funding deficit with these revisions, marking the first fee adjustment in nearly two decades.
Summary & Analysis
