The African Development Bank (AfDB) has affirmed its commitment of Ksh 1.3 trillion to accelerate the delivery of key development projects in Kenya.
The announcement was made on Monday, October 6, in a statement shared by Chris Kiptoo, the Principal Secretary at the National Treasury.
The renewed pledge reflects the AfDB’s long-standing partnership with Kenya, which dates back to 1964. Over the decades, the Bank has financed more than 167 projects worth about USD 7.8 billion, supporting critical sectors such as infrastructure, energy, agriculture and water.
Its funding has helped deliver landmark projects including the Thika Superhighway, the Outer Ring Road, the Lake Turkana Wind Power Project and the Menengai Geothermal Power Plant.
“Since 1964, the African Development Bank (AfDB) has been a steadfast partner in Kenya’s development journey, financing more than 167 projects worth USD 7.8 billion. Through major investments in infrastructure, energy, agriculture, and water, the Bank has supported flagship initiatives such as the Thika Superhighway, Outering Road, Lake Turkana Wind Power Project, and Menengai Geothermal Power Plant, all of which continue to spur growth and create opportunities for our people,” he noted
Kiptoo highlighted that the government and the AfDB are focused on boosting efficiency and removing bottlenecks to speed up the implementation of both ongoing and new projects.
He welcomed Dr Alex Mubiru, the AfDB’s Director General for the East Africa Regional Development, Integration and Business Delivery Office, who began his tour as Manager Designate for Kenya in May 2025.
Dr Mubiru and his team met with treasury officials to review the Bank’s portfolio and agree on practical steps to strengthen collaboration.
Kenya’s partnership with the AfDB is anchored in the Bank’s 2024-2028 Country Strategy Paper, which prioritises transport, water, economic governance and skills development.
The AfDB has also launched initiatives in youth entrepreneurship and skills development to tackle unemployment, supporting the country’s long-term growth ambitions.
Beyond Kenya, the AfDB is expanding alliances to mobilise resources for Africa’s development.
It recently signed a partial credit guarantee agreement with Mota-Engil Africa to accelerate infrastructure investments and forged a partnership with Michael Bloomberg to unlock private sector capital for sustainable growth.
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