Business & Economy4 stories
The Kenyan Cabinet is set to approve the National Infrastructure Fund (NIF), aiming to mobilize Sh5 trillion. In parallel, the government has initiated the expansion of the Nairobi Central Railway Station as part of the Nairobi Railway City project to create a multimodal transport interchange. In a separate infrastructure deal, the Kenya Electricity Transmission Company Limited (KETRACO) has signed a Sh40.4 billion ($311 million) Public-Private Partnership (PPP) agreement to expand and modernize the country's power transmission network with Africa50 and Power Grid Corporation of India. The Cabinet also approved the transfer of smart driving licence issuance from the National Transport and Safety Authority (NTSA) to a private investor under a new PPP framework.
