WASHINGTON, US — Kenya is advancing plans to modernize key infrastructure, including Jomo Kenyatta International Airport (JKIA), after President William Ruto held high-level discussions with the International Finance Corporation (IFC) in Washington, D.C.
The talks with IFC Managing Director Makhtar Diop focused on the government’s innovative development financing model, which includes the proposed Infrastructure Fund designed to accelerate national development goals.
President Ruto welcomed IFC’s confidence in the fund and expressed appreciation for their interest in investing in Kenya.
“We look forward to hosting an IFC delegation in Kenya early next year, led by Vice President for Industries Mohamed Gouled, to advance discussions on energy and infrastructure investments, particularly the modernization of JKIA under a Public-Private Partnership model,” Ruto stated.
The partnership discussions will also cover the expansion of major roads and the generation and transmission of geothermal, hydro, and wind power, signaling a broad commitment to infrastructure-led economic growth.
Kenya’s approach aims to attract both international investment and technical expertise while leveraging innovative financing models to accelerate delivery of strategic national projects.