Kenya has received a Sh65.7 billion financing commitment from the African Development Bank (AfDB) under its 2024–2028 Country Strategy framework, aimed at advancing the country’s development goals.
The funding, launched on Monday at the National Treasury, targets priority sectors including health, water, road infrastructure, and transmission networks, while emphasizing faster project implementation to maximize impact.
The mid-term review mission, initiated at the Treasury, will assess progress on ongoing initiatives, identify challenges, and ensure that investments align with Kenya’s development priorities.
Officials said the financing is designed to strengthen collaboration between the government and the Bank, ensuring resources translate into tangible outcomes for citizens.
At the start of the review, discussions were held with Alex Mubiru, Director General for the Regional Development and Business Delivery Office for East Africa at the African Development Bank.
According to a statement, “Discussions covered key flagship interventions, including investments in the health sector, water and road infrastructure, transmission networks, and the need to fast track projects through regular portfolio reviews to enhance absorption and impact.”
The health sector is a central focus of the financing package, with projects expected to reinforce service delivery and infrastructure. Water and road initiatives are also prioritized, reflecting ongoing efforts to improve access and connectivity across the country.
Transmission networks form another essential component, aimed at strengthening energy distribution and supporting economic activity.
Officials emphasized the importance of accelerating project implementation, noting that improved monitoring and portfolio reviews will be crucial in ensuring that resources are efficiently utilized.
“The need to fast track projects through regular portfolio reviews to enhance absorption and impact,” they reaffirmed, signaling a strong focus on oversight and accountability in the next phase of the strategy.
The Country Strategy Paper for 2024–2028 outlines AfDB’s funding commitments and priorities for Kenya over a five-year period. The mid-term review provides a platform to measure progress, adjust interventions where needed, and address bottlenecks that may slow project execution.
The Sh65.7 billion financing adds to Kenya’s existing development resources at a time when infrastructure, health systems, and energy investments remain key to economic growth.
The joint technical mission will examine funding disbursement rates, review ongoing projects, and recommend adjustments to ensure that investments deliver measurable results within the remaining strategy period.
By reinforcing the partnership under the Country Strategy framework, the financing seeks to maintain momentum in flagship projects while resolving implementation challenges.
As the mid-term review unfolds, the focus will be on converting financial commitments into real improvements in the targeted sectors, ensuring that the funding delivers its intended development impact through 2028.
