Japan Confirms Sh22bn Samurai Financing for Kenya’s Vehicle Assembly and Energy Reforms
The announcement was made during the ongoing Tokyo International Conference on African Development. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..
✨ Key Highlights
Japan has pledged up to Sh22 billion (25 billion yen) in Samurai Financing to Kenya, aiming to boost the local vehicle assembly and parts manufacturing industry while improving the energy sector.
- The financing will address energy transmission and distribution losses, currently at about 23 percent of Kenya's national output.
- The announcement was made during the Tokyo International Conference on African Development (TICAD 9), attended by President William Ruto and Japanese Prime Minister Shigeru Ishiba.
- Prime Cabinet Secretary Musalia Mudavadi signed the Memorandum of Understanding with Mr. Atsuo Kuroda, Chairman and CEO of Nippon Export and Investment Insurance.
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Kenya Secures Financing and Agreements with Japan and Germany to Boost Local Vehicle Assembly - August 2025
Kenya has entered into agreements to support its domestic automotive sector. Japan has pledged up to Sh22 billion (25 billion yen) in Samurai Financing to boost the local vehicle assembly and parts manufacturing industry. Similarly, Kenya and Germany have renewed a cooperation agreement aimed at increasing local vehicle production and affordability. This focus on local industrialization was echoed by President William Ruto at the TICAD conference in Japan, where he urged Africa to add value to its products to foster local wealth and correct global trade imbalances.
