AfDB Kenya projects funding jumps to Sh48bn

Kenya’s stand-out economic performance in a global environment of low growth is due, in part at least, to a vibrant construction industry. The sector has been accelerating at a rapid pace and making a substantial contribution to the country’s strong GDP growth figures, on the back of major public works projects and rising demand for mixed-use and residential developments.

23/10/2018 – Ahead of its maiden African Investment Forum next month, the African Development Bank continues to see another year of sustained indicators, underlined by a stellar Triple A rating by all three major agencies and sharply increased earnings.

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In the latest 2018 world Bank Doing Business Report released yesterday, Rwanda yet again impressed as the East African nation improved 15 places to the 41st position globally.

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Kenya The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives.

“Kenya is emerging as one of Africa’s key growth centres with sound economic policies in place for future improvement.” The KEU, the bank’s eleventh such report, said “the country’s fiscal expansion allowed it to finance major infrastructure projects without putting excessive pressure on domestic financing”.

 · OPIC has reached critical milestones on four priority projects, including commitments for two large wind projects in Kenya, a thermal project in Senegal, and a thermal project in Ghana, which are collectively expected to generate more than 700 MW of power generation in sub-Saharan Africa.

AfDB Kenya projects funding jumps to Sh48bn Nakuru – African Development Bank President, Akinwumi Adesina has said AFDB will double its funding to Kenya. He said the bank was impressed by the Last Mile Connectivity which it has been.

The African Development Bank (AfDB) raised its funding approvals for Kenya projects by 37.7 percent last year to Sh48.2 billion, according to disclosures in the institution’s latest annual report.

“Previously, the Monitoring and Evaluation Department never appraised major mega projects, including the Thika Superhighway and the Standard Gauge Railway (SGR) owing to turf wars, inadequate.

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