Kenya just greenlighted a new way to fund its Naivasha to Kisumu rail extension and a bunch of other big transport stuff by bringing in private money instead of relying on government cash. The Cabinet signed off on a financing plan that covers the second phase of the standard gauge railway, a potential link into Uganda, a central rail station in Nairobi, and city transit projects like bus rapid transit lines and bike infrastructure.
The government says this private sector approach will speed things up and spread out the financial risk while keeping massive projects moving forward without blowing up the budget. They expect better trade routes and smoother movement of goods to boost the economy.
The same meeting approved fresh energy and petroleum policies after the old petroleum framework had sat unchanged since 2004. The updates push renewable energy expansion, climate-resistant infrastructure, and better oversight of oil discoveries while trying to get more people switched over to liquified petroleum gas instead of traditional biomass fuels.
The government says this private sector approach will speed things up and spread out the financial risk while keeping massive projects moving forward without blowing up the budget. They expect better trade routes and smoother movement of goods to boost the economy.
The same meeting approved fresh energy and petroleum policies after the old petroleum framework had sat unchanged since 2004. The updates push renewable energy expansion, climate-resistant infrastructure, and better oversight of oil discoveries while trying to get more people switched over to liquified petroleum gas instead of traditional biomass fuels.
