Kenya to sell agriculture, infrastructure and innovation projects at TICAD
- 5 years ago
Kenya is set to sell infrastructure, agriculture and innovation projects for funding to development financial institutions during the forthcoming 6th Tokyo International Conference on African Development (TICAD VI).
Kenya Private Sector Alliance (KEPSA) Chief Executive Carole Kariuki says the three areas will transform the country’s economy.
“We will negotiate with development partners that include the World Bank Group, African Development Bank, Japan External Trade Organisation, and the Africa Union Commission during the high level policy dialogue, “she told Capital FM Business.
She says that TICAD VI is a good opportunity to showcase Kenya’s potential and discuss business opportunities and gaps with the Japan Government and other partners.
Kenya has ambitious infrastructure projects estimated at US $50 billion in transport and energy.
Among the projects include the Standard Gauge Railway, upgrading of the Jomo Kenyatta International Airport, the Lamu Port and Lamu Southern Sudan Ethiopia Transport Corridor (LAPSSET), Konza Techno City among others.
In the agriculture front the country is also working on the Galana Kulalu Food Security Project initiated by the Jubilee Administration as part of an effort to put 1 million acres under irrigation countrywide.
Kenya has made significant progress in infrastructure development in recent years which can majorly be attributed to budgetary allocation to infrastructure that has progressively increased from less than 1 percent of GDP a decade ago to over 7 percent as of 2013.
This increased to 22.6 percent in the Sh1.779 trillion 2014/15budget.
Kenya Private Sector Alliance (KEPSA) Chief Executive Carole Kariuki says the three areas will transform the country’s economy.
“We will negotiate with development partners that include the World Bank Group, African Development Bank, Japan External Trade Organisation, and the Africa Union Commission during the high level policy dialogue, “she told Capital FM Business.
She says that TICAD VI is a good opportunity to showcase Kenya’s potential and discuss business opportunities and gaps with the Japan Government and other partners.
Kenya has ambitious infrastructure projects estimated at US $50 billion in transport and energy.
Among the projects include the Standard Gauge Railway, upgrading of the Jomo Kenyatta International Airport, the Lamu Port and Lamu Southern Sudan Ethiopia Transport Corridor (LAPSSET), Konza Techno City among others.
In the agriculture front the country is also working on the Galana Kulalu Food Security Project initiated by the Jubilee Administration as part of an effort to put 1 million acres under irrigation countrywide.
Kenya has made significant progress in infrastructure development in recent years which can majorly be attributed to budgetary allocation to infrastructure that has progressively increased from less than 1 percent of GDP a decade ago to over 7 percent as of 2013.
This increased to 22.6 percent in the Sh1.779 trillion 2014/15budget.