KENYAN PRESIDENT MEETS LEADERS OF AFDB’S AFRICA50 FUND

NAIROBI, Kenyan President Uhuru Kenyatta has met top executives from specialised lender Africa50 Fund, a unit of the African Development Bank (AfDB), with their discussions focused on supporting Kenya’s infrastructure development.

The Morocco-based Africa50 Fund focuses on medium to large-scale infrastructure projects which have a significant development impact while offering an appropriate return to investors. The Fund delegation was led by Chief Executive Officer Alain Ebobisse and included Chief Operating Officer Carol Wamuyu Wainaina.

They discussed ways in which the Fund could help enable implementation of the President’s Big Four Agenda of eradicating hunger, affordable housing, job creation through increased manufacturing and value addition, and affordable healthcare.

The agency is looking to invest in sectors key to achieving the Big Four Agenda, such as infrastructure and power generation and transmission. It is also exploring ways to participate in improvements of Kenyan airports, and especially the Jomo Kenyatta International Airport (JKIA) here.

It also plans to host its annual meeting in Kenya in June.

President Kenyatta welcomed the Fund’s interest in investing in Kenya and said Kenya was ready to partner with the Fund and private sector agencies in mobilizing resources to achieve its agenda of bringing development and prosperity to its citizens.

Source: NAM NEWS NETWORK