AfDB Kenya projects funding jumps to Sh48 billion

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Transport projects financed by the AfDB between 1967 and 2017 have benefited 450 million Africans. The map demonstrates the relatively advanced state of southern and northern african rail systems: these two regions include nine of the 14 african countries requesting AfDB funding for rail projects.

The Treasury is seeking to raise more than Sh48 billion ($500 million) for development projects at the Mombasa Port in a move expected to address capacity challenges at the facility.

The China-Africa Development Fund, more commonly known as CAD Fund, is a Chinese private equity fund solely funded by China Development Bank, a Chinese government policy bank.The aim of the fund is to stimulate investment in Africa by Chinese companies in power generation, transportation infrastructure, natural resources, manufacturing, and other sectors.

This applies to the Kenya Revenue Authority (KRA), too. Having been charged with the responsibility to ensure that Kenya is self-sustainable in terms of revenue collection, it behoves the KRA to ensure that it maximises on all available opportunities to deliver on this mandate. Technology is one tool that they must use.

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The AfDB was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. The AfDB’s mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to.

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.

Economy AfDB Kenya projects funding jumps to Sh48 billion Sunday, June 16, 2019 22:00 By VICTOR JUMA AfDB typically lends to governments and private companies, mostly to fund infrastructure projects such as roads and energy.