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
Ecobank’s 2025 results reflect the shift of a pan-African bank toward a more profitable, disciplined and long-term-oriented model. At 40, the challenge is...
Africa Re reports net profit of $199 million in 2025, up 50.62% year-on-year. Investment income reaches record $114 million while FX losses...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchise. Transaction may alter Servair Abidjan revenue...
Africa’s ultra-wealthy population expected to rise 15% by 2031 Continent’s share of global wealth declines amid faster growth...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
03

Ecobank Transnational Incorporated asked shareholders to vote on a $500 million Tier 2 Eurobond...

Ecobank Calls Vote on a New $500 Million Bond, With Eyes on a June 2026 Capital Cliff
04

Africa produces what it doesn’t consume, and consumes what it doesn’t produce. That stark line captu...

“Private Investors Are Not Philanthropists: Risk Must Be Shared” — Tarek Toko Chabi, BOAD
05

Funding part of $250 million raise to boost investor confidence Fintech expands services, pr...

Nigeria Approves $75 Million Investment in Flutterwave Ahead of NGX Listing
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.