Arab Bank for Economic Development in Africa agree to increase funding to key areas in Kenya

The Arab Bank for Economic Development in Africa (BADEA) has agreed to increase funding to key areas to enable Kenya to implement its Big Four agenda in the next five years.

 

BADEA Bank acting Director Dr. Tigan Najeh said the fund’s team would soon meet Kenyan officials to discuss priority areas.

 

Speaking during a meeting with Kenyan delegation led by Deputy President William Ruto at its Khartoum offices in Sudan, Dr Najeh said the fund was keen to assist Kenya to achieve its goals in food production and healthcare.

 

“I am happy with the level of cooperation with Kenya and we are keen to extend it to more projects,” said Dr. Najeh.

 

He said a team from the fund will visit Nairobi to discuss issues of delayed and upcoming projects in order to fast-track them.

 

“We are open to increase funding to Kenya. We are open to establishing new ones,” said Dr. Najeh.

 

He said the fund is financing agriculture and healthcare projects in Kenya to a tune of Sh 6billion.

 

The bank will use Sh 1.6billion to construct and equip key hospitals such as Kenyatta National Hospital, Kisii Cancer Centre and Rongai Hospital.

 

Other projects to benefit from the bank include the energy sector’s rural electrification programmes, construction of roads, irrigation and water projects.

 

The Deputy President said the funding of the projects would go a long way in ensuring the success of the Government’s Big Four agenda- manufacturing, healthcare, housing and food security.

 

“As a country, we have prioritized four key areas in the next five years among them is universal healthcare. We are happy that you are giving us support in some of our priority sectors,” said Mr. Ruto.

 

Mr. Ruto said some of the projects that will benefit from BADEA’s financial assistance include Garissa sewerage project, Nuno-Modogashe road, Kenyatta National Hospital and Rongai hospital.

 

Others are the Bura Irrigation Project, Rural Electrification project, Oloitoktok Water and Sewerage project and the Gilgil machinery project.

 

The financial institution would fund the construction of 200-bed capacity burns and 150-bed pediatric centers at the Kenyatta National Hospital.

 

Kenya’s delegation included Agriculture Cabinet Secretary Mwangi Kiunjuri, his Industrialization counterpart Adan Mohammed; chairman of the Parliamentary Committee on Agriculture and Livestock Adan Haji Ali, MP Malulu Injendi (Malava), Kenya Bureau of Standards Managing Director Charles Ongwae and Kenya’s Ambassador to Sudan Arown Suge.

 

“We will continue to count on Arab development partners for support in a bid to enhance the achievement of vision 2030 development agenda,” said Mr Ruto.

 

He said the construction of a trauma centre in Salgaa, a black spot prone to accidents along the Nakuru-Eldoret highway will help provide healthcare to the residents.

 

“The three healthcare projects are critical in helping attain universal healthcare,” said Mr Ruto.

 

To sustain, the country’s growth, Mr Ruto said the Government would continue to partner with development partners in ensuring the successful implementation of the Jubilee’s agenda to create jobs and reduce poverty in the country.

 

Mr Ruto urged the management of BADEA to consider additional funding to Bura irrigation scheme to complete the  project and help Kenya attain its priority in food security.

Mr Kiunjuri said water harvesting was key for agricultural development.