Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
19 mega projects hit as Sh66.8bn China, foreign loans cut
Cabinet Secretary, National Treasury & Economic Planning Njuguna Ndung'u at Kenyatta International Convention Centre. FILE PHOTO | DENNIS ONSONGO | NMG
At least 19 major projects have taken a hit from tweaks in government spending after foreign lenders cut funding for the year ending June by at least Sh66.8 billion.
Roads and energy infrastructure projects are the most affected by the funding cutbacks by global financiers such as the World Bank and the African Development Bank (AfDB), forcing President William Ruto’s government to shelve or delay their construction.