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Originally published by The Standard BusinessNovember 3, 2025
7h ago
Irony of State's borrowing binge amid increased private sector financing
The increased role that the private sector is now playing in infrastructure development has, however, not stopped the government from speeding up the acquisition of debt...
✨ Key Highlights
The Kenyan government's increased borrowing from development partners and commercial banks contradicts its stated aim of funding infrastructure projects primarily through the public-private partnership (PPP) model. This borrowing binge is occurring as the government also seeks to avoid frequent tax increases.
- The government is pursuing the PPP model to finance infrastructure without relying heavily on lenders or increasing taxes.
- China Road and Bridge Corporation is close to securing a deal for the Rironi-Mau Summit toll road.
- The irony lies in the government's continued borrowing despite its efforts to attract private sector financing for projects.
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