Kenya has secured Ksh 65.7 billion from the African Development Bank (AfDB) to finance key development projects across the country.
Treasury Principal Secretary Dr Chris Kiptoo said the $509 million from the lender will target priority projects.
“Discussions covered key flagship interventions, including investments in the health sector, water and road infrastructure, transmission networks, and the need to fast track projects through regular portfolio reviews to enhance absorption and impact,” posted Dr Kiptoo on his official X account after meeting representatives of the bank led by Alex Mubiru, Director General for the Regional Development and Business Delivery Office for East Africa.
In seven months of the year to January 30, 2026 the government had spent Ksh 167.8 billion on development against an estimate of Ksh 407.1 billion.
Dr Kiptoo made the announcement during the start of the joint technical mission for the mid term review of the Country Strategy Paper covering the period 2024 to 2028.
This comes after Treasury announced the raising of Ksh 290.3 billion through issuance of a new eurobond last Friday with proceeds expected to retire old debt and finance the budget.
