Sharp Daily
No Result
View All Result
Monday, June 23, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

KSH.2B Revenue In 7 Months-The Expressway

Benson Muriithi by Benson Muriithi
February 8, 2023
in News
Reading Time: 2 mins read
Nairobi Expressway

Nairobi Expressway [Photo/ Courtesy]

Remember when the government announced the construction of a Ksh.65 billion Expressway, which later amounted to Ksh.72 billion?

Well, what I vividly remember was the mixed reactions from Kenyan citizens arguing that the project was too expensive. And even more, the fact that using the road would be charged, was met with a lot of resistance.

For a moment I thought to myself, is the Jubilee government trying to charge us for accessing infrastructure in our own country? But again, checking how other countries use tolls to generate revenue could not be ignored since it’s a way of building the economy. Anyway, onto our latest news about the latest Expressway report.

Moja Expressway CEO, Steve Zhao reported that the company has registered more than 10 million Expressway users over the last 7 months since the launch of the project.

RELATEDPOSTS

Why firms are shedding jobs despite survival

June 19, 2025

Opinion: Austerity wrong medicine for Kenya’s economy.

June 16, 2025

Read: Nairobi Expressway Opens Gate For M-Pesa Payments

The collection of revenue from this project stands at Ksh.2 billion. How cool is that? I bet the road users didn’t know that their 300-400 shillings would amount to billions over such a short period. In fact, the CEO reported that the company has registered over 10,000 vehicles to the electronic tolling system. 

In attendance at this big win ceremony was Joseph Mbugua, the PS for Roads, Transport and Public Works, who expressed confidence that the Expressway will convince investors to venture into more Public-Private Partnerships. He added that the Ministry will consult with PSV operators to come up with modalities on how they can access the Expressway. 

I think this is a big step for the Kenyan economy since the country will reduce its debts and venture into other projects. 

In fact, let me engage you a bit in reference to this project. Would you invest in public-private partnerships? I don’t know about you, but I would! The odds of success for such projects are ridiculously higher, minus corruption of course!

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Betting – A Remedy To Unemployment Or A Death Trap?

Next Post

Property Development-A Key Investment Option For 2023

Benson Muriithi

Benson Muriithi

Related Posts

Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025

LATEST STORIES

Parliament slashes tax on digital asset trades: What this means for investors

June 23, 2025

Understanding Joint Ventures: A strategic tool in modern business

June 23, 2025

How bushy can a bush safari get?

June 20, 2025

Understanding SPVs

June 20, 2025

Why small investments are a power move

June 20, 2025

Social consequences of the tax relief for gamblers

June 20, 2025

How E-Tendering can reshape public procurement in Kenya

June 20, 2025

Unlocking long-term wealth with the power of compounding

June 19, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024