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SPVs ‘the best option to develop infrastructure’
Construction on the Northern Corridor. The success of the infrastructure bond was a critical step toward allowing government agencies raise money to finance infrastructure projects. Photo/FILE
The Central Bank of Kenya is touting special purpose vehicles (SPVs) as the best option to develop Kenya’s infrastructure including low-cost housing, roads, water and electricity.
SPVs are structured to allow multiple individual and institutional investors to participate without investing large sums of money as is the case with other fixed-income investment instruments like Treasury bills and bonds which are priced at a minimum of Sh100,000 and Sh50,000 respectively.
