Tuesday, July 5, 2022
  • Login
Upgrade
The Southern African Times
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
The Southern African Times
No Result
View All Result
Home Business

African Development Bank Group President begins official visit to Kenya

by SAT Reporter
May 31, 2022
in Business
0
African Development Bank Group President begins official visit to Kenya
0
VIEWS

African Development Bank Group chief Dr. Akinwumi Adesina, will call on President Uhuru Kenyatta today at the start of a four-day official visit to Kenya .

Dr. Adesina, who arrived in Nairobi this morning, will also meet other senior government officials including Cabinet Secretary, National Treasury and Planning, Ambassador Ukur Yatani Kanacho, who is also the African Development Bank Group’s Governor for Kenya.

Adesina will also meet with members of the diplomatic corps in Kenya, and representatives of the Bank’s international development partner countries to discuss opportunities for continued collaboration.

Adesina will visit the Kenol-Sagana-Marua Highway Improvement Project, part of Kenya’s section of the Cape to Cairo trans-Africa highway, which is being upgraded to facilitate intra-Africa trade. The African Development Bank is co-financing the 84 km Kenyan segment of the highway with €178 million. Other financiers are the Africa Growing Together Fund (€31 million) and the Government of Kenya (€49 million).

The Kenol-Sagana-Marua highway was a single-lane bitumen paved road. It is now being upgraded to a two-lane dual carriageway to ease traffic flow. The African Development Bank’s Director General for East Africa, Nnenna Nwabufo, said: “The road will reinforce the Kenyan government’s  efforts to improve the quality of life of the Kenyan people. It will reduce travel time, expand markets beyond national boundaries and boost rural productivity in the project regions. It will also foster an enabling environment for the private sector and attract foreign direct investments.”

The highway connects Nairobi with major commercial and agriculturally rich towns of central, upper eastern and northern Kenya. Scheduled for completion  in 2024, it will enhance the movement of goods and services and boost trade between counties in central and eastern Kenya and Nairobi. The highway will facilitate regional integration as it will link the Isiolo–Moyale corridor, which connects Kenya with Ethiopia, as well as the Isiolo–Mandera corridor, which connects Kenya with Somalia. The African Development Bank is also financing sections of these corridors.

The African Development Bank started operations in Kenya in 1967. By April 2022, it had committed a total of $6.3 billion to the country, mainly in the energy, transport, agriculture, and social sectors—health, education, water and sanitation—and in economic governance.

Previous Post

East Africa’s opportunity in energy and infrastructure disputes

Next Post

Tobacco industry causing huge environmental damage, WHO warns

SAT Reporter

Related Posts

Tanzania’s largest trade fair opens with 22 foreign countries participating
Tanzania

Tanzania’s largest trade fair opens with 22 foreign countries participating

by SAT Reporter
July 4, 2022
World Bank approves 143 mln USD for drought response in Somalia
Finance

World Bank approves 143 mln USD for drought response in Somalia

by SAT Reporter
June 23, 2022
10 tips to help you become a successful entrepreneur
Lifestyle

10 tips to help you become a successful entrepreneur

by SAT Reporter
June 23, 2022
Nigeria’s sovereign fund to pivot to asset management, CEO says

Nigeria’s sovereign fund to pivot to asset management, CEO says

by SAT Reporter
June 21, 2022
Future of online gambling industry in the African market

Future of online gambling industry in the African market

by SAT Reporter
June 21, 2022
Next Post
Tobacco industry causing huge environmental damage, WHO warns

Tobacco industry causing huge environmental damage, WHO warns

Premium Content

Intra African Trade Fair 2021 in Durban a boost for African Trade

Intra African Trade Fair 2021 in Durban a boost for African Trade

November 15, 2021
Goldman Sachs on collision course with South Africa’s biggest banks

Goldman Sachs on collision course with South Africa’s biggest banks

June 18, 2021
Africa’s music streaming market to be $314.6m by 2026 – Report

Africa’s music streaming market to be $314.6m by 2026 – Report

June 7, 2022

Browse by Category

  • African Continental Free Trade Area
  • African Start ups
  • Algeria
  • Analysis
  • Angola
  • Asia
  • BOTSWANA
  • Botswana
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Egypt
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Finance
  • Food
  • Food and Drink
  • Foods
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Nigeria
  • North Africa
  • Opinion
  • Politics
  • Rwanda
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Tanzania
  • Tech
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

africa African business news Africa New Africa News african footballer African investments African manufacturing industry african markets African news African start-up banking Business China Classic Content currency Explore Bali Finance football Life Style Markets Market Stories Namibia news Nigeria oil and gas Oilandgas Opinion Pandemic Politics Premium reserve bank of Zambia Russia South Africa Southern African News sports Stay Home Travel United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe Zimbabwe Harare Manufacturing Africa Employment creationn

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and the world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.

Facebook Twitter Youtube Instagram Rss

Copyright © 2022 The Southern African Times | Powered by The Southern African Times

Privacy Policy

Terms and Conditions

  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?