×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Download App

Kenya ups its stake in infrastructure fund

President Uhuru Kenyatta announced that Kenya will double its shareholding in Africa50, a unique continental platform for funding infrastructure development to Ksh10 billion. [Courtesy]

Kenya plans to double its stake in Africa focused infrastructure fund after they pledged their support for the big four agenda.

President Uhuru Kenyatta on Thursday announced that Kenya will increase its stake in the Africa50 fund which stood at Sh5 billion ($50) at approximately 5.6 per cent stake.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in