According to the World Bank, Kenya faces an infrastructure financing gap of approximately $2.1 billion annually. Public-Private Partnerships are considered crucial in closing in this gap and the government plans to raise $2 billion in the financial year 2020/2021 through PPPs to fund key infrastructure projects. Isaac Otolo, Director Advisory Transactions at PwC spoke to CNBC Africa for more.
The Islamic Development Bank hosted the Public-Private Partnerships Forum 2019 in Rabat, Morocco yesterday. CNBC Africa’s Godfrey Mutizwa was there to speak to Dr Bandar Hajjar, President of the Islamic Development Bank. He explained that the main objective of the bank was to promote the economic and social development of 57 member countries, serving 1.7 billion people around the world.