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| Workers gravel the main Mwatate-Taveta road. The Government is building infrastructure to maintain economic growth that may outpace the sub-Saharan African average. |
Nairobi; Kenya: Kenya may sell more debt for infrastructure after demand for the bonds on sale this month turned out to be more than double the amount offered, according to two traders in Nairobi.
The East African nation, which the African Development Bank estimates needs $4 billion (Sh356b) annually for projects from roads to water supply, sold Sh15.8 billion ($177m) of 12-year infrastructure bonds, the Central Bank of Kenya said on its website. Investors sought as much as Sh38.8 billion in the offer of Sh15 billion, it said.
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