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Originally published by The Standard Business
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September 5, 2025
8h ago

Kenya urges Africa to tap private funding for infrastructure

Kenya urges Africa to tap private funding for infrastructure

"With shrinking fiscal space for debt, including foreign debt, we must pioneer innovative ways for raising revenue. One model that has proven successful is public-private partnerships," Kindiki said...

✨ Key Highlights

Kenya, represented by Deputy President Kithure Kindiki, urged African nations at the 4th Intra-African Trade Fair (IATF 2025) in Algiers to prioritize private sector funding for infrastructure. This strategic shift towards Public-Private Partnerships (PPPs) aims to circumvent dwindling traditional debt options and bolster the African Continental Free Trade Area (AfCFTA).

  • Over half of sub-Saharan African countries are at high risk of debt distress or already in crisis, according to the IMF.
  • Deputy President Kithure Kindiki highlighted PPPs as essential for railways, roads, and digital networks, citing ongoing negotiations for Kenya's Standard Gauge Railway (SGR) extension to Uganda and DR Congo.
  • The Pan-African Payment and Settlement System (PAPSS) was noted for potentially reducing $5 billion annually in transaction costs by enabling local currency settlements.

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