Kenya has emerged as the highest recipient of African Growth Financial institution (AfDB) funding in East and Central Africa over the previous decade. Between 2013 and 2023, the East African nation obtained $3.718 billion from the AfDB, surpassing Tanzania’s $2.83 billion and Rwanda’s $1.81 billion. For Kenya, the funding has primarily been deployed towards the vitality, highway development, and water sectors. Notable tasks embody the Lake Turkana Wind Energy Challenge – the most important wind farm in Africa, the Final Mile Connectivity electrical energy undertaking, and the dualization of the Kenol-Sagana-Marua Highway. The AfDB is more and more changing into the financial institution of selection for international locations trying to borrow cash to fund growth tasks. For Kenya, AfDB funding peaked throughout former President Uhuru Kenyatta’s administration with over $823 million loaned to the nation.
SOURCE: EAST AFRICAN