× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

Lapsset gets Sh200 million from Nepad

NEWS
By Lee Mwiti | March 11th 2017

The Lamu Port-South Sudan-Ethiopia-Transport (Lapsset) Corridor has received $1.93 million (Sh199.5 million) from the New Partnership for Africa’s Development (Nepad).

The money will enable Lapsset acquire the services of a transaction advisor. “The grant is to facilitate the preparation of the Lamu project for bank-ability specifically the procurement of the much needed transaction advisory services and related technical assistance; this enables the packaging of the project for investment,” a communication signed by Lapsett spokesperson Benson Thuita said.

It added that Lapsset expects the outcome of the transaction advisory services to, first and foremost, include the preparation of a transaction plan. The plan will map-out all the key factors pertaining to project financing options including financing arrangements and the risks involved in the project.

Lapsset has also been identified as one of the projects, among others in Africa, that will benefit from a $20 billion (Sh2 trillion) Sustainable Development Investment Partnership (SDIP) fund.

Share this story
Kenya Breweries in campaign to curb drunk driving
Kenya Breweries Limited has unveiled an online campaign aimed at promoting responsible consumption of alcohol. In the campaign, the firm has partnered with taxi hailing app Uber and aims at dissuading revelers from drinking and driving.
Absa Bank net profit for 3 months up 24pc
The performance was mainly driven by growth in interest income, particularly in the small and medium enterprises.
.
RECOMMENDED NEWS
Feedback