veri blog

Kenya has just placed a big bet on keeping the lights on – without blowing up its public balance sheet. On Monday, the finance ministry signed a $311 million agreement with Africa50 , the Morocco-based pan-African infrastructure fund, and PowerGrid Corporation of India to design, finance, build and operate two new high-voltage electricity transmission lines and associated substations. The deal will be structured as a public-private partnership (PPP) . A project company led

Kenya is cashing in its crown jewel. In the biggest privatisation move in nearly 20 years, the government has agreed to sell a 15% stake in Safaricom – East Africa’s most valuable company – to Vodacom/Vodafone for roughly $1.6 billion , cutting the state’s holding from 35% to 20% and handing majority control to the South African group. The deal is priced at KES 34 per share , a hefty premium to recent market levels, and includes an upfront payment of about KES 40.2 billion