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Amid Kenya Power Struggle, IMF Says Investment Program in Crisis

Reuters

   NAIROBI - Hundreds of mismanaged infrastructure projects have stalled
   in Kenya and it will cost around $10 billion to revive them, the IMF
   said in a report whose findings point to a growing power struggle at
   the heart of government.

   Amid mounting public anger over ballooning state debt and a series of
   graft scandals, President Uhuru Kenyatta on Tuesday confirmed acting
   finance minister Ukur Yatani in the post after its previous incumbent,
   Henry Rotich, was charged with financial misconduct -- an accusation he
   denies.

   The government has acknowledged that some past investment projects did
   not pass muster, and Yatani told a budget preparation meeting on
   Wednesday that available resources would be "dedicated only to projects
   and programs that will ensure higher economic and social returns."

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