Kenya’s government is seeking more private investment in state infrastructure to maintain the pace of spending on new railways and other vital assets while reducing the budget deficit.
The East Africa’s biggest economy aims to cut the deficit to 6.9 percent of gross domestic product in the fiscal year starting in July from a forecast 8.1 percent for 2015/16, Reuters reports.
Finance Minister Henry Rotich said the government had initiated several Public Private Partnership (PPP) projects to build roads, energy plants and housing.
The whole intention is to get most of the projects that private investors can take up so that we can reduce pressure on our domestic resources.
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