Kenya is hoping that its biggest sell-off of state assets in nearly two decades can fund new infrastructure spending and change a political outlook still clouded by last year’s deadly demonstrations against proposed tax increases.
The government is selling a $1.58bn stake in telecoms and fintech group Safaricom, considered the “jewel in the crown” of state assets, to provide seed capital for a national infrastructure fund due to be launched in Nairobi this week.
The planned sale to South Africa’s Vodacom, which is sharply dividing opinion in the country, is indicative of the tough choices facing many African governments as development aid dries up, debts rise and tax boosts stifle the growth needed to defuse a demographic time bomb.
您已阅读13%（740字），剩余87%（5105字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。