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Infrastructure Financing: Private-Public solutions

Eric Osiakwan's AfricaCan lauds the alternative financing mechanism proposed for Kenya's National Fiber Network,commenting on a Balancing Act report that states:

The Kenya Government will have a 40 per cent holding in the project, Etisalat 20% and the remaining 40% will go to investors in the East African region. The Government has said it will organise an IPO on the Kenyan Stock Exchange. Several Kenyan companies have expressed interest and one said that the Government had told them it would “guarantee their loan”.

He says:
Thank God the Kenyans are experimenting with this approach where government owns part, private sector owns part, educational institutions should also own part, CSO owns part through IPO on the stock market.
The Kenyan government can actually raise the 40% from government bonds . I am not an expert on the stock market discipline of shares or bonds but this is where the financial experts need to come out with innovative solutions that can help raise much of this money locally - it is possible.

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