By Frankline Sunday
NAIROBI, KENYA: The private sector stands to benefit from lucrative State contracts for the development of infrastructure across the country.
According to transaction analysts from consulting firm Ernst & Young, the budget estimates released on Thursday by Treasury Cabinet Secretary Henry Rotich, present huge opportunities for the private sector, under the new dispensation.
“At about Sh1.4 trillion, this is a heavy spending plan from the Government and the largest budget that we have ever had,” stated Mr Gitahi Gachahi, regional CEO of Ernst & Young.
Challenges to face
“The Government will have challenges in getting the financing of the budget especially since we are looking at a devolved unit of government,” he said.
Mr Gachahi stated that while some of the traditional ways of raising the funds remain viable in bringing in some revenue, options are thinning out and the private sector will be the best bet for the government.
Kenya is currently in the middle of more than half a dozen energy, transport, and infrastructure projects whose combined cost is close to Sh4 trillion.
It is impossible for the Government to enforce these projects single-handedly by the year 2030 and the private sector is eager to step in and assist in developing the massive infrastructure projects.
