Kenya President to Sign French Consortium Loan for Infrastructure

President Uhuru Kenyatta is scheduled to sign a U.S.$1,7 billion deal with a French consortium, that will be used for upgrades to the 190-kilometer Rironi-Nakuru-Mau Summit Road. The signing will provide the country with its first toll highway outside Nairobi and will be a key segment of the northern corridor. The road will significantly cut travel time for both passengers and goods, reducing the cost of doing business. It will also compliment the standard gauge railway services between Naivasha and Malaba border. With Kenya's high rate of borrowing, parliament budget experts estimate that when Kenyatta leaves office in 2022, the country's debt could hit U.S.$85 billion - more than three times the total annual budget.


President Uhuru Kenyatta with French President Emanuel Macron in Nairobi (file photo).

Don't Miss

AllAfrica publishes around 900 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.