Kenya urged to unlock bankable projects to close Africa's Sh9b infrastructure gap

Kenya has been challenged to step up preparation of bankable projects if it is to fully benefit from the billions of dollars available for Africa’s infrastructure transformation...
✨ Key Highlights
Kenya is urged to prepare more bankable projects to address Africa's infrastructure gap, as highlighted at the recent PMI Global Summit Series Africa in Kigali. Experts emphasized that poorly prepared proposals, not lack of financing, are the primary obstacle to growth.
- The African Development Bank (AfDB) estimates a Sh9 billion infrastructure gap in Africa.
- Dr. Akinwumi Adesina, outgoing President of the AfDB, stressed that projects must tangibly improve lives.
- Armand Nzeyimana, AfDB Director of the Development Impact and Results Department, warned that projects designed for five years often stretch to eight or more due to poor preparation.
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