Benard Chitunga: Kenya can build more without heavy borrowing

Sustained economic transformation requires major investments in transport, energy, logistics, water, digital connectivity and urban infrastructure...

✨ Key Highlights

Kenya faces an infrastructure financing dilemma, with the current debt-heavy model straining public finances. The country owes local institutions Sh500 billion in interest alone for the 2026/27 financial year, highlighting the need for a new approach to development funding.

Kenya needs to shift from a debt-financed to an investment-financed model for infrastructure development.
The proposed National Infrastructure Fund (NIF) could mobilize private capital by making infrastructure an investable asset class.
Untapped domestic capital from pension funds, insurance companies, and SACCOs could be channeled into infrastructure projects, freeing up fiscal space for social spending.

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