Public Management

Kenya: World Bank grants $750mln to accelerate regional integration and development in the Northeast region

Kenya: World Bank grants $750mln to accelerate regional integration and development in the Northeast region
Wednesday, 09 September 2020 17:58

The World Bank announced on September 8 it has granted new financing worth $750 million to Kenya. The financing is part of the Horn of Africa Gateway Development Project (HoAGDP) which seeks to boost integration in East Africa through the development of regional transport corridors.

The resources will finance the modernization of 365 km of the regional Isiolo-Mandera road corridor (which crosses Kenya's Northeast region) and 30 kilometers of spur roads. This work will be complemented by the implementation of border management systems and the construction of border posts to facilitate trade, the provision of basic socio-economic infrastructure for communities living along the corridor, institutional strengthening, and emergency response measures in the event of disasters or catastrophes during the project period.

Through this program, the authorities hope to attract new investment to the region, boost regional trade, and create jobs. By improving the movement of people and goods, digital connectivity, and access to social services, it is expected to benefit more than 3.2 million people living in Kenya's Northeast region.

“The potential of Northeastern Kenya, as a transit and regional trade facilitation zone is presently not fully exploited. This transformative project will integrate the region and enhance security, inclusion, and a sense of equity, which the communities living in this underserved region of Kenya have desired for a long time,” said Josphat Sasia, a senior expert at the World Bank.

The program also includes the installation of an optical fiber cable along the 740 kilometers of the entire Isiolo-Mandera corridor with branch lines for local communities.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs), enabling them to offer regulated capital markets...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the BCEAO and ECOWAS financial systems. Ministers from...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables tap-to-pay on POS terminals for the first...
(UMOA-TITRES) - UMOA-Titres announces the organisation of the 8th edition of the Regional Public Securities Market Meetings (REMTP), to be held on 27–28...
Most Read
01

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
02

In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...

AGRA’s Lilial Githinji “Leadership capacity remains the missing ingredient in Africa’s food systems transformation”
03

Central bank launches project for real-time transfers across banks and mobile wallets System aims...

Guinea readies instant payment system to speed transactions and cut cash use
04

BOAD approves $35.7 million to upgrade Burkina Faso–Mali border road Project targets 130 km,...

Burkina Faso Secures BOAD’s $35.7 Million for Road to Mali
05

Fitch lowered Gabon’s sovereign rating to CCC- amid rising fiscal stress Payment arrears reac...

Fitch downgrades Gabon to CCC- as liquidity strains deepen
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.