Kenya transport to be boosted by infrastructure investment, expert says

16/05/2012 - Kenya property & investment news Posted by Neil King
Kenya transport to be boosted by infrastructure investment, expert says

Infrastructure investment is going to help improve transport in Kenya and other east African nations in the next few years, according to one expert. Ahmed Heikal, the chairman and founder of investment company Citadel Capital, told ameinfo.com that the national railway of Kenya and Uganda will be boosted. He added that six in the ten fastest growing economies in the world in the decade to 2010 were in Africa, with Kenya among those to benefit. On what the investment projects are doing, he added: "They are distributing natural gas and electricity to households and industry alike. They are turning waste into energy for industry. "These are textbook examples of how private equity can both catalyse growth and help meet the aspirations of more than one billion Africans." Meanwhile, Kenya Airways announced at the beginning of the month that passenger numbers grew in the first quarter of the year by 5.2 per cent.