Difficulties in doing business in Kenya may stem international investor participation in infrastructure projects, says analysts.
The British government-backed UK Export Finance has delayed a £100m payment for the development of Nairobi Railway City – the largest investment in Kenya since Brexit – after Kenyan authorities failed to award contracts to developers.
The £100m for the urban development project, hoped to rejuvenate the area around Nairobi’s Central Railway station, accounts for approximately half of the total funding for phase one.Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.
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