The National Treasury has reaffirmed Kenya’s commitment to deepen collaboration with the African Development Bank (AfDB) to speed up the implementation of ongoing and new development projects.
Since 1964, the AfDB has financed over 167 projects in Kenya, valued at more than USD 7.8 billion. These investments span critical sectors, including infrastructure, energy, agriculture, and water, supporting flagship initiatives such as the Thika Superhighway, Outer Ring Road, Lake Turkana Wind Power Project, and Menengai Geothermal Power Plant.
Treasury Principal Secretary Dr Chris Kiptoo hosted Dr Alex Mubiru, the AfDB’s Director General for the East Africa Regional Development, Integration, and Business Delivery Office, who began his tenure as Manager Designate for Kenya, effective May 1, 2025.
During the meeting, both parties reviewed the Bank’s project portfolio and agreed on practical measures to strengthen cooperation, remove bottlenecks, and enhance efficiency, ensuring faster project delivery and greater impact.
Dr Mubiru reiterated AfDB’s commitment to continue walking with Kenya in its development journey, reaffirming the Bank’s long-standing role as a key partner in the country’s economic transformation.
