By: Nana
Appiah Acquaye
Kenya is seeking to deepen
its partnership with Citibank to mobilise long-term capital for infrastructure,
investment and other strategic national priorities as the country charts its
development agenda beyond Vision 2030.
President William Ruto held
talks with Citibank Head of International Business Ernesto Torres Cantú at
State House in Nairobi, where the two sides discussed opportunities to
strengthen the bank’s role in supporting Kenya’s next phase of economic growth.
President Ruto said
Citibank’s 52-year presence in Kenya has established the institution as a
trusted partner in the country’s development journey, contributing to economic
growth and strengthening Kenya’s integration into the global financial system.
The discussions come as the
government advances plans for the establishment of a National Infrastructure
Fund and engages stakeholders on development priorities beyond the Vision 2030
framework.
According to President Ruto,
the proposed fund and the broader national development conversation create an
opportunity for Citibank to expand its partnership with Kenya and support the
financing of transformative projects.
The engagement focused on
mobilising long-term financing for infrastructure and investment, areas
considered critical to sustaining economic growth and supporting Kenya’s
development priorities.
The government is
increasingly seeking partnerships with financial institutions and
private-sector investors to expand access to capital for major infrastructure
and development projects.
