New roads, rail links to help spur Kenya economy

NAIROBI: Kenya’s drive to improve rail, roads and power plants will help spur economic growth to 6.9 per cent in 2015 and 7 per cent in coming years, its finance minister has said.

Henry Rotich also told the Reuters Africa Investment Summit the government would remain “active” in the international capital markets after its oversubscribed Eurobond debut last year, but did not give details of new issues. As well as infrastructure development, Kenya’s economy would benefit from the drop in global oil prices, which would spur the manufacturing sector and lift consumption, he said.