Japan pledges billions in bid to boost Kenya’s Economy

President Uhuru Kenyatta with Japans Prime Minister Shanzo Abe: PHOTO: COURTESY

By Abel Muhatia

Japan, the second largest country with a developed economy in the world, has promised to boost Kenya’s upcoming infrastructure.

The country has set aside 3 billion Kenya shillings to help fund Kenya’s government universal plan on energy, health care and infrastructure.

This comes after president Uhuru Kenyatta’s discussion with Japan Prime Minister Shinzo Abe on geothermal power development.

The two also discussed on scholarships for Kenyans in maritime studies and closer security and intelligence links to help fight global terrorism.

Financing of the Mombasa port expansion project and non-military assistance of upto 18 billion Kenya shillings are some of other projects Japan has shown gesture in sponsoring.

On the other hand, Kenya pledged to support Japans candidature for election as a non-permanent member of the UN Security council in 2016-2017.

Kenya also confirmed its readiness to host the Tokyo International Conference on African Development (TICAD) in close partnership with the African Union.

Prime Minister Abe, hailed President Kenyatta’s on his UN reform Leadership.

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About the Author

Muhatia
Muhatia is the Managing Editor of Biz News Media Reach him via editor@biznews.co.ke