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
BGFIBank Cameroon raises capital from 20 to 50 billion CFA Move exceeds new CEMAC minimum capital requirement Reform aims to boost resilience, expand...
EIB invested 3.1 billion euros in Africa 2025 About 46% allocated to climate, sustainability projects Funding aligned with EU Global Gateway...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on research, feasibility and investment support for SMEs and...
IFC plans to invest up to $52 million in a microfinance group operating in Kenya, Uganda and Tanzania. The funding will support local...
Most Read
01

Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...

Amazon Turns to Kenya as Its Next Low-Orbit Satellite Internet Bet in Africa
02

Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...

Dangote Sets IPO Timeline for Its $20B+ Nigerian Refinery, Eyes Retail Investors
03

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
04

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
05

Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...

Guinea's Largest Gold Mine Records 6% Output Rise in 2025
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.