NCBA Investment Bank
NCBA Investment Bank
June 19, 2025 at 05:37 AM
*Kenya climbs to fourth biggest recipient of AfDB project funds* New disclosures show that AfDB approved project funding worth 442.5 million Units of Account (UA) or the equivalent of $577.08 million (Sh74.54 billion) for Kenya last year, which was a jump of 52.7 percent from the UA290.4 million or $389.6 million (Sh50.33billion) in 2023, when the country was the ninth biggest beneficiary of disbursements from the lender. The lender is funding a host of capital-intensive projects in Kenya notably in the energy, roads and water sectors. Kenya trails South Africa, Morocco, and Nigeria in the value of approvals granted by AfDB in a single year. _*Source: Business Daily*_
Image from NCBA Investment Bank: *Kenya climbs to fourth biggest recipient of AfDB project funds* New d...
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