Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
President Kenyatta bids farewell to AfDB boss Donald Kaberuka. Photo/ PSCU

Kenya

Uhuru bids farewell to African Development Bank chief

President Kenyatta bids farewell to AfDB boss Donald Kaberuka. Photo/ PSCU

President Kenyatta bids farewell to AfDB boss Donald Kaberuka. Photo/ PSCU

NAIROBI, Kenya, Jun 25 – President Uhuru Kenyatta has praised the African Development Bank for the role it has played in supporting Africa’s development agenda.

He said AfDB is today the biggest development partner on the Africa as the continent’s economic fortunes improve.

“African Development Bank is today the singular most important development partner not just of Kenya but for the entire continent” said President Kenyatta on Wednesday.

He said the bank has been at the forefront of African and regional integration, adding that integration is the key to Africa’s development.

President Kenyatta spoke when he bid farewell to the outgoing AfDB President of AfDB Donald Kaberuka at State House, Nairobi.

The President thanked Kaberuka for transforming the bank into an institution that has stood with African countries.

On his part, Kaberuka said Kenya is one of the strongest partners of the bank.

He said AfDB is satisfied with the progress the country is making and with how the money it has lent for projects has been used.

“The track record of your government shows that the money we have lent is well spent,” he said. “Not only are you succeeding in encouraging democracy and strengthening governance but you are also meeting the demands of regional security and continuing on the path of development.”

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...