JUST IN: US-Backed Ksh452B Usahihi Expressway Gains Momentum
The “Usahihi” Expressway project, a 440-kilometre four-lane dual carriageway connecting Nairobi and Mombasa, is gaining momentum. Everstrong Capital, a US-based infrastructure investment firm, has announced its intention to secure funding for the $3.5 billion (Sh452 billion) initiative. Today, February 6, Everstrong will host a signing ceremony in Nairobi to formalize the Transaction Advisory and Placement Services Agreement, marking a significant step in the project’s fundraising process. The Usahihi Expressway, which translates to “done correctly” in Swahili, aims to reduce travel time between Kenya’s capital and its port city, boost economic growth, and enhance regional connectivity. Set to be Africa’s largest
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