Amid Kenya Power Struggle, IMF Says Investment Program in Crisis
|01/17/2020||Posted by BusinessMediaguide.Com under General World News||
Hundreds of mismanaged infrastructure projects have stalled in Kenya and it will cost around $10 billion to revive them, the IMF said in a report whose findings point to a growing power struggle at the heart of government.
Amid mounting public anger over ballooning state debt and a series of graft scandals, President Uhuru Kenyatta on Tuesday confirmed acting finance minister Ukur Yatani in the post after its previous incumbent, Henry Rotich, was charged with financial misconduct — an accusation he denies.
The government has acknowledged that some past investment projects did not pass muster, and Yatani told a budget preparation meeting read more >>>