Following unanimous parliamentary approval, Kenya is set to join the European Bank for Reconstruction and Development (EBRD), marking a significant step towards enhanced infrastructure development and economic growth. This membership is expected to provide access to concessional financing and strengthen Kenya’s position as a regional financial hub.

• Kenya becomes the sixth African country to join the EBRD as a shareholder.
• The Chairperson of the National Assembly’s Departmental Committee on Finance and National Planning, Kimani Kuria, emphasized the value of accessing cheaper loans for development.
• The EBRD plans to establish its African regional headquarters in Nairobi.