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Originally published by Capital Business
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business
July 2, 2025
2mo ago

Kenya to join European Development Bank after Parliamentary approval

Kenya to join European Development Bank after Parliamentary approval

NAIROBI, Kenya, July 1 — Kenya is set to become a member of the European Bank for Reconstruction and Development (EBRD) following unanimous approval by Kenya breaking news | Kenya news today |..

✨ Key Highlights

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.

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