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Originally published by Capital Businessbusiness
October 9, 2025
5h ago
Ruto urges COMESA States to invest in African-led financial institutions

NAIROBI, Kenya, Oct 9 - President William Ruto has urged COMESA member states to invest more in homegrown institutions to finance the continent’s growth. Kenya breaking news | Kenya news today |..
✨ Key Highlights
President William Ruto of Kenya urged COMESA member states to increase investments in African-led financial institutions to finance the continent's growth, during the 24th COMESA Heads of State and Government Summit in Nairobi. He emphasized moving away from global financial systems that disadvantage developing nations and advocated for strengthening regional banks like the Trade and Development Bank (TDB) and Afreximbank.
- Kenya committed an additional $100 million investment to the TDB, on top of $50 million already committed to Afreximbank.
- Ruto, who assumed the chairmanship of COMESA, highlighted that Africa contributes only 3 percent to global trade and 14 percent to intra-African trade.
- He urged other nations to follow Kenya's decision to lift visa requirements for most African nationals to promote integration.
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