Kenya · INFRASTRUCTURE
Key Facts
—What happened Kenya’s Konza Technopolis, a 2,024-hectare smart city launched in 2008, has an estimated total project cost of about US$14.5 billion.
—The money Phase 1 infrastructure was financed by Italy’s UniCredit SpA at roughly KSh 50.4 billion (about US$391 million), while Huawei built core systems under a China Eximbank loan of RMB 1.225 billion (about US$172 million) signed on 26 April 2019.
—The catch The China Eximbank loan carries 2% interest and matures on 21 September 2038, deepening Kenya’s exposure to Chinese digital-infrastructure credit.
