• Home
  • Business
  • World bank to offer support to help build Kenya’s defenseless groups
Image

World bank to offer support to help build Kenya’s defenseless groups

The World Bank pledges to support the Hustler Fund to lift Kenya’s most vulnerable group.

This was made during a consultative meeting between President William Ruto and World Bank Regional Vice President for Eastern and Southern Africa, Victoria Kwakwa at State House Nairobi.

World Bank Regional Vice President for Eastern and Southern Africa, Victoria Kwakwa said the bank will offer the Hustler Fund technical and financial support.

She also added, “The bank associates strongly with programs and initiative that empower the poor and most vulnerable. We will bring to the table ways to provide a safety net for these individuals” and also the Bank will also support the country’s programmes against climate change.

The President called on the Bank to scale up investment in programmes to increase agricultural productivity saying the government was working on the construction of dams and fertilizer subsidies among others.

He said, “We are looking forward to your support in our development agenda.”

Related Posts

Afreximbank, Heirs Energies seal $750m financing deal

The African Export-Import Bank (Afreximbank) and Heirs Energies Limited have sealed a landmark US$ 750 million financing partnership…

WIOCC secures $65m sustainability-linked financing to boost Africa’s digital infrastructure

WIOCC Group, Africa’s foremost open-access digital infrastructure provider, has successfully raised an additional $65 million in sustainability-linked debt…

PZ Cussons abandons Africa sell-off, bets big on Nigeria and continent’s growth

PZ Cussons Plc has dramatically reversed course, scrapping plans to divest its African subsidiaries and instead unveiling an…

Kenya overtakes Nigeria as Africa’s fastest-growing private-sector economy

Kenya has seized the crown as Africa’s fastest-expanding private-sector economy, ending Nigeria’s long dominance, according to the latest…