President Uhuru Kenyatta holds talk with Africa50 CEO Alain Ebobissé at State House, Nairobi. PHOTO | PSCU
Summary
- Africa50 focuses on medium to large-scale infrastructure projects with significant impact and good returns on investments.
- Africa50 is seeking opportunities in the improvement of Kenyan airports with particular focus on the JKIA.
- Mr Kenyatta who was flanked by Treasury Secretary Henry Rotich and Head of Public Service Joseph Kinyua.
Pan-African infrastructure investor Africa50 is looking to tap
into Kenya’s power generation and transmission sector as the State seeks
financial support for President Uhuru Kenyatta’s Big Four plan.
The
Morocco-based Fund is an agency of the Africa Development Bank (AfDB)
and focuses on medium to large-scale infrastructure projects with
significant impact and that have good returns on investment.
Mr
Kenyatta on Thursday held discussions with executives from Africa50 led
by CEO Alain Ebobisse on investments in the Big Four plan that includes
on health, agriculture, manufacturing and food security.
“The
discussions focused on enablers for the President's Big Four of
ensuring no Kenyan goes hungry, many more people have roofs over their
heads, more jobs sparked by increased manufacturing and value addition,
and affordable healthcare for all,” read a statement from State House.
“The agency is looking to invest in sectors key to achieving the
Big Four, such as infrastructure, and power generation and
transmission.”
Africa50 is also seeking opportunities
in the improvement of Kenyan airports with particular focus on the Jomo
Kenyatta International Airport (JKIA).
Mr Kenyatta who
was flanked by Treasury Secretary Henry Rotich and Head of Public
Service Joseph Kinyua in welcoming the Fund's interest in Kenya.
He
said the country was ready to partner with Africa50 and private sector
agencies in mobilising resources in order to achieve its agenda of
bringing development and prosperity to Kenyans.
ALSO READ: Under-funding hits Uhuru’s Big Four project
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