World Bank upgrades Kenya’s growth forecast to 4.9% amid construction rebound

FIFA, SFD ink Sh129 billion deal to support sports infrastructure in developing nations

FIFA and the Saudi Fund for Development (SFD) have signed a Memorandum of Understanding (MoU) to provide up to USD 1 billion (Sh129 billion) in concessional loans for sports infrastructure development in developing nations.

Ruto Pushes EU to Help Transform the African Union

President William Ruto urged the European Union (EU) to support the African Union's (AU) reform efforts to create a more effective continental body. This appeal was made during a meeting with European Union Council President, António Costa, at the 7th African Union–European Union Summit in Luanda, Angola.

Kenya shifts towards infrastructure-led growth fueled by pension funds, not loans

Kenya to Benefit From Ksh130 Billion Infrastructure Loans From Saudi Arabia

Kenya is poised to benefit from a substantial Ksh130 billion (USD 1 billion) infrastructure loan through a new partnership between the Saudi Fund for Development (SFD) and FIFA. This funding is ear-marked for the construction and upgrade of modern, FIFA-certified sports stadiums and surrounding infrastructure in developing nations, with Kenya being a priority due to its commitment to using sport for national development.

Rironi–Mau Summit Road project split amid Chinese investment cap

The Rironi–Mau Summit Expressway project in Kenya will be split into two sections due to a strict $1 billion investment cap on Chinese state-owned enterprises (SOEs), which required lengthy internal reviews. This restructuring follows failed negotiations on the original full-corridor option for the 233km Nairobi–Nakuru–Mau Summit and Nairobi–Maai Mahiu–Naivasha PPP project.