AFRAA Warns Against Profit-Driven Airport Concessions, Months After Adani Deal Cancelation
An emerging trend across Africa is the increasing outsourcing of airport services and operations to private sector businesses through concessioning agreements. “These private entities are motivated by profit and often [...]
Linzi FinCo Lists KSh 44.79B Infrastructure-Backed Bond to Fund Talanta Sports City
Linzi FinCo 003 Trust, a subsidiary of the Pan-African Liaison Group, has listed a KSh 44.79 billion Infrastructure Asset-Backed Security (IABS) on the Nairobi Securities Exchange (NSE). GCR Ratings assigned [...]
The KSh 12 Billion Drain in Kenya's Water Sector
Non-Revenue Water (NRW), the difference between the volume of water a utility pumps into its system and the volume of water that is billed to customers, continues to be a [...]Omtatah Triumphs as Supreme Court Strikes Down Joho Family Port Deal Over Illegal Procurement
Busia Senator and public interest litigator Okiya Omtatah is elated after the Supreme Court nullified a procurement deal between the Kenya Ports Authority (KPA) and Portside Freight Terminals Limited, a [...]Equity Bank Ordered to Pay Troubled Construction Firm KSh 485Mn from Kenya Pipeline's Accounts
The High Court has ordered Equity Bank Kenya to release KSh 485 million from Kenya Pipeline Company (KPC’s) accounts to Zakhem International Construction Limited, a Lebanese firm, bringing to a [...]Competition Watchdog Warns Real Estate Developers Against Exclusive ISP Deals
The Competition Authority of Kenya (CAK) has warned real estate developers and internet service providers (ISPs) against signing exclusive broadband deals that shut out rival firms, in a move aimed [...]CBK Raises KSh 71.6B from Oversubscribed Sale of Reopened Bonds
The Central Bank of Kenya (CBK) has raised KSh 71.64 billion in a reopened Treasury bond auction dated June 23, 2025, exceeding its target of KSh 50 billion. In the [...]Kenya Targets Ksh 70Bn from 32 PPP Projects in FY 2025/26
Kenya will be implementing 32 Public-Private Partnership (PPP) projects worth Ksh 70 billion in FY 2025/26, focusing on priority sectors such as energy, water, housing, health, and transport. Mbadi made [...]AfDB Commits US$184.1mn to Africa's Largest Solar Plant
The African Development Bank Group (AfDB) has approved a US$184.1 million financing package for the Obelisk 1-gigawatt solar photovoltaic project and 200MWh battery energy storage system in Egypt. “This project [...]
Kenya Power Targets 150,000 New Connections After AfDB Backing
Kenya Power intends to ramp up its rural electrification drive, aiming to connect 150,000 additional customers to the grid under the sixth phase of its Last Mile Connectivity Project (LMCP). [...]Ethiopia Secures AfDB Backing for US$7.8bn Mega Airport
Ethiopia is taking a major step toward its ambitious goal of becoming Africa’s leading aviation hub after signing an agreement with the African Development Bank (AfDB) to support the construction [...]Property Owners to Pay for Asbestos Removal
The government has directed a nationwide asbestos removal initiative from all public and private facilities in a bid to mitigate the health risks associated with its exposure. The National Environment [...]
