Private sector eyes 40 pc stake in multi-billion regional tenders

The private sector companies in the East and Central Africa region are looking to tap into billions of shillings worth of investment opportunities arising from the Northern Corridor Integration Projects (NCIP).

A security officer keep guard on a section of the Standard Guage Railway (SGR) line fly over bridge at Tsavo River in Taita Taveta County which is under construction by the China and Bridges Corperation Company, June 06, 2015. [PHOTO BY GIDEON MAUNDU/STANDARD].

Through the East African Business Council (EABC), the firms are angling for a 40 per cent share in the projects, from conceptualisation, implementation to maintenance. They said this is because many raw materials are sourced from local producers and manufacturers.