Kenya: President Ruto Calls for Global Investment in Kenya's Sh5tn Transformation Plan
President Ruto urges global investors to support Kenya's 10-year, KSh5 trillion national transformation program focused on infrastructure, energy, and agriculture.
President William Ruto of Kenya has made a significant appeal to the international community for investment in the country's KSh5 trillion national transformation programme, which spans ten years. This ambitious initiative aims to modernize and expand national infrastructure, particularly through the National Infrastructure Fund, which is designed to attract long-term investments. Ruto has specifically targeted international development finance institutions, private sector investors, and pension funds, emphasizing the sustainable returns that such investments could generate.
The transformation plan includes several critical components, notably the expansion of the road network and a major increase in energy generation capacity, which is set to reach 10,000MW. This expansion is aimed at powering industrial growth and fostering innovation within the country. In parallel, there are plans for improved water management through water storage and irrigation infrastructure, with a goal of bringing an additional 2.5 million acres of land into agricultural production.
Furthermore, Ruto highlighted the importance of education, research, and development funding as part of the transformation agenda, reflecting Kenya's commitment to fostering a skilled workforce capable of driving economic growth. The combined focus on infrastructure, energy, and agricultural development is expected to position Kenya as a more attractive destination for global investments, potentially stimulating substantial economic advancement over the next decade.