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Kenya will benefit from Public Private Partnerships in mega Projects

Kenya has introduced Public Private Partnerships (PPPs) to spur the participation of the private sector in infrastructure development in the country.
The Director of Public Private Partnerships (PPPs) in the National Treasury Engineer Stanley Kamau, said the introduction of PPPs projects in Kenya’s infrastructure development is a major milestone for the government in providing services at an accelerated and an affordable rate.
In an interview with the media at the National Treasury, Engineer Kamau said the PPPs infrastructure projects the government has engaged are unique because it is the first time projects have deviated from the traditional procurement process.

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Kenya to host the sixth Tokyo International Conference on African Development

Kenya will be the first African country to host the sixth Tokyo International Conference on African Development (TICAD) Yokohama Action Plan in Nairobi during the second half of 2016. This will enable Kenya to strategize on the best methods to seek financial and technical support from Japan within the framework of TICAD initiative to implement priority projects in line with the Vision 2030 blue print.
The country will also utilize the forthcoming Kenya/Japan Annual Bilateral Consultations for Economic Cooperation for 2015/2016 financial year to discuss areas of future cooperation and other issues of mutual interest between the two countries.

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Kenya Airways Management future uncertain as Treasury rolls out turnaround plan

Kenya Airways board and the top management future hangs in the balance in a drastic plan meant to return the national airline on the path to profitability.
The government is preparing a “turnaround plan” aimed at making the carrier that has been in the red over the last three years return to profit. National Treasury Cabinet Secretary Mr. Henry Rotich yesterday told a senate committee that the plan was at an advanced stage.

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High interest rates and impact on the cost of living as companies and the public react to changes effected by banks, with the shilling tumbling to 103.71 last month before rebounding to Sh101.1 against the dollar on Wednesday could pose threat to economic growth.
Coming at a time when the country is facing a slow economic expansion and borrowing costs have hit a two-year high, Central Bank’s efforts to stem the shilling’s slide by intervening in the foreign exchange market and mopping up liquidity has not had the desired effect.


When banks hike lending rate, it signals difficulties for companies and individuals currently servicing loans, leading to a significant change in growth projections as plans based on old interest rates are revised.
Those planning to start businesses and invest in additional funds following the revisions need to take into account new rates, and investors who had planned to expand facilities by importing machinery must align their costs to the new regime.
Interest rates, just like fuel and energy, normally have an impact on all strata of the economy. The revision in interest rates has a knock-on effect on the economy and could lead to less investment as people shy away from “expensive capital” inputs-the effect, if widespread, could lead to a higher inflation as investment funds become more costly.
Analysts say companies are now working towards doing more with less by becoming more efficient in energy use and reducing wastage.
They say the liquidity problem needs to be managed by the Central Bank, the National Treasury and the government in general who must reduce the current account deficit by increasing exports while managing expenditure and receipts.
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