The Nairobi City County Government is considering a partnership with the Nairobi Securities Exchange to finance various infrastructure projects in Nairobi.

This is according to Nairobi Governor Johnson Sakaja.

Sakaja said that on Tuesday while speaking during the launch of the enhanced Nairobi Securities Exchange Market Place.

According to Sakaja, city utilities including the Nairobi Water and Sewerage Company need to be part of public-private sector partnerships.

This would allow the company to implement its projects to expand water provision networks to meet Nairobi County residents’ demands.

Read More

  1. Court dismisses petition by Woodley residents against Nairobi housing project
  2. Adani Group responds to media reports, denies connection to JKIA project
  3. NCA orders immediate evacuation of hazardous building in Kahawa West

Sakaja said they were thinking of ways to create capital to finance the county’s projects.

“We are thinking of innovative ways of attracting capital to finance our projects in this city, unless we become creative we will not be able to achieve this but Kenyans are willing to put their money in there,” Sakaja said.

While promising his administration will be pro-business, Sakaja also said the city needs to position itself as a business and financial hub in the continent to attract more investors.

He also said his administration will come up with solutions to ease to cost of doing business.