Kenya has emerged as the leading beneficiary of African Development Bank (AfDB) funding in the East and Central African region over the past decade. From 2013 to 2023, Kenya received $3.718 billion, followed by Tanzania at $2.83 billion and Rwanda at $1.81 billion. Energy, road construction, and water projects in Kenya have been major recipients of AfDB funding, solidifying the bank’s role as a key development partner for the country.
AfDB’s increased involvement in Kenya’s development agenda has led to the funding of significant projects such as the Lake Turkana Wind Power Project, Last Mile Connectivity electricity project, and the dualing of the Kenol-Sagana-Marua Road. Kenya’s reliance on AfDB financing has grown over the years, with the bank playing a crucial role in supporting various sectors across the country.
AfDB’s funding to African nations comes in various forms, including grants, loans, guarantees, and support for weak economies. The bank is actively working to reduce Africa’s dependence on international financiers like the World Bank and the IMF. Kenya’s close relationship with AfDB dates back to 2013, with the country receiving its highest funding in 2016. The AfDB’s impact on Kenya’s development agenda has resulted in the banning of several local firms for corrupt practices. This demonstrates the bank’s commitment to ensuring that funds are used effectively and transparently.
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