South Korea to use AI tax windfall to fund public projects

South Korea plans to allocate a significant tax windfall from booming artificial intelligence chipmakers to a new fund for public infrastructure projects.

Rais Ruto azidi kuitetea hazina mpya ya kitaifa ya miundombinu (national infrastructure fund)

How local borrowing is stifling Kenya's infrastructure capital needs

Kenya's heavy reliance on domestic debt is significantly hindering its ability to fund crucial infrastructure projects, according to an analysis by the Africa Finance Corporation (AFC). The nation's growing debt appetite is tightening the grip on its capital markets.

Kindiki defends sale of state stakes, says funds will finance infrastructure projects

DP Kindiki: Infrastructure Fund will drive development without foreign loans

DP Kindiki tells off opposition over National Infrastructure Fund

Deputy President Kithure Kindiki has strongly defended the proposed National Infrastructure Fund, aimed at directing proceeds from asset sales into long-term development, rather than recurrent expenditure.