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Over 30 projects in Kenya are set to benefit from the 2022/23 financial year budget that was unveiled on June 15th 2023. The budget was presented by Prof. Njuguna Ndung’u. The latter is the country’s Cabinet Secretary for The National Treasury and Economic Planning.
To recap, the proposed total programmed expenditures spending for the FY 2023/24 has been capped at Ksh 3.68 trillion. Out of this, close to 250 billion has been allocated to various projects ranging from the construction of water and sewage infrastructure to classrooms and other institutions.
Additionally, the projects include the construction of residential buildings, hospitals and markets as well as the development of power plants and data centers. Furthermore, they include electricity and fibre optic connections, construction of special economic zones and parks as well as roads, railways, sea and airport infrastructure.
Below are the key projects that will benefit from these allocations.
Kenya Standard Gauge Railway (Kenya SGR)
The Kenya Standard Gauge Railway will connect Kenya’s cities and link the East African country to the neighbouring nations. These nations include Uganda, South Sudan, the Democratic Republic of the Congo, Rwanda, and Burundi. The line might as well extend to Addis Ababa, in neighbouring Ethiopia to the north.
The Kenya SGR is divided into about seven segments. These are the 609 kilometres Mombasa–Nairobi section which is famously known as the Mombasa–Nairobi Standard Gauge Railway. There is also the 120 kilometers Nairobi–Naivasha, and the 267 kilometers Naivasha–Kisumu sections.
The others are the 130 kilometres Kisumu–Malaba and the 1,500 kilometres Lamu–Lokichar-Nakodok sections. Lastly, there are the 700 kilometres Nairobi–Moyale, and the 460 kilometres Naivasha–Lokichar sections.
The project, which has two of its first sections operational has been allocated a total of Ksh 37.4 billion.
2. Dongo Kundu Special Economic Zone
The Dongo Kundu Special Economic Zone is located in Likoni, a division of Mombasa County, Kenya, located to the southwest of Mombasa Island.
The development is designed to be a multi-sectoral zone comprising industrial parks, free trade zones/free port, Dongo Kundu Port and Tourism Zone (MICE). It also includes business service parks as well as a commercial and residential zone.
The project is developed by Dongo Kundu Special Economic Zones Authority under the Ministry of Industrialization. It will benefit from an allocation of Ksh 2.6 billion in the FY 2023/24 budget.
3. Konza Technopolis Project
Konza (Konza Technopolis) is a key flagship project of Kenya’s Vision 2030 economic development portfolio. The city is located 60km from Kenya’s capital Nairobi.
When complete, it is expected to be a world-class city, powered by a thriving information, communications and technology (ICT) sector, superior reliable infrastructure and business-friendly governance systems.
The city will be home to leading companies in education, life sciences, telecom, and BPO/ITES. Commercial space for these uses will be complemented by diverse residential neighbourhoods, hotels, a variety of retail offerings, community facilities, and other public amenities. |
