Spotted by Joe M at the BBC:
Kenya's president has launched a $14.5bn (£9.1bn) project to build a new city intended to be an IT business hub and dubbed "Africa's Silicon Savannah". It will take 20 years to build Konza Technology City about 60km (37 miles) from the capital, Nairobi...
Joe draws our attention to this bit:
When the plan was announced after the last elections property prices in the area soared, reporters say.
Thursday, 24 January 2013
"Kenya begins construction of 'silicon' city Konza"
My latest blogpost: "Kenya begins construction of 'silicon' city Konza"Tweet this! Posted by Mark Wadsworth at 11:35
Labels: Africa, Land values, Subsidies
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5 comments:
I'd be very unsurprised to discover that the site chosen was in the ownership of one of the president's family or friends.
B, yes, obviously.
Will Serco be building and operating the Konza Light Railway?
BE
BE, nope. The contract will go to the President's son in law's railway company.
Dig deep - more foreign aid required soon!
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