Africans told to improve quality of public investments to attract more domestic capital
African governments have been told to strengthen public investment management to unlock greater value from state-owned assets to attract private capital and boost the continent’s capacity to finance its own development. Principal Secretary for Public Investments and Assets Management, Cyril Wagunda, said Africa must improve the quality of public investments...
Risky borrower: Kenya sprucing up image in financial markets as its public debt soars to $92.5 billion
To institutionalise the process, the Treasury will establish a government-resourced Credit Rating Committee to coordinate Kenya’s approach, supported by partners including UNDP, the gvernment of Japan, AfriCatalyst and the African Peer Review Mechanism (APRM).
Kenya President Ruto announces plan to set up sovereign wealth, infrastructure funds to avoid debt binge
Privatisation drive will kick off with the sale of shares in Kenya Pipeline Company, a state firm that manages petroleum products’ transportation infrastructure in Kenya and into neighbouring states.
