Local contractors will be trained on financial management and professionalism in handling projects in a move meant to ensure that they meet standards as well as timelines. The joint World Bank and Kenya deal seeks to see more local firms involved in mega projects that have been previously been awarded to Chinese companies.
Transport Cabinet Secretary James Macharia said: “The World Bank and the International Finance Corporation have committed to provide enough funds to train and provide capacity for the training programme.” Kenya has been involved in major construction projects in transport and energy with many tenders ending up with contractors from China.
The situation worsens the country’s balance of payments and creates an avenue for funds to leave the country with most materials already being sourced from outside.
