President William Ruto has initiated talks with the International Finance Corporation (IFC) as part of Kenya’s push to attract private sector investment into key infrastructure projects.
The discussions, held in Washington, D.C., focused on advancing Kenya’s proposed Infrastructure Fund, a financing model designed to accelerate national development initiatives.
During the engagement, Ruto highlighted the government’s innovative approach to development financing, noting that it has generated significant interest among international partners.
“Our innovative approach to development financing, including the establishment of an Infrastructure Fund, is drawing strong interest from partners,” he said on X, the social media platform formerly known as Twitter.
The meeting included IFC Managing Director @Diop_IFC and explored potential partnerships in energy and infrastructure.
Kenya plans to host an IFC delegation early next year, led by Mohamed Gouled, Vice President for Industries at the IFC, to advance discussions on investment in modernising Jomo Kenyatta International Airport (JKIA) under the Public-Private Partnership (PPP) model.
Beyond airport development, the talks also covered expansion of major roads and the generation and transmission of geothermal, hydro, and wind power.
These projects are part of the government’s broader agenda to improve Kenya’s transport networks and diversify its energy mix, supporting both economic growth and job creation.
The Infrastructure Fund is central to the administration’s strategy to mobilise private and institutional capital for long-term national projects.
Ruto expressed appreciation for IFC’s confidence in the fund and reiterated Kenya’s commitment to creating a conducive environment for investment.
The discussions reflect a continuation of Kenya’s engagement with international financial institutions to secure funding for development priorities that align with Vision 2030 goals.
By hosting the IFC delegation in Kenya, the government aims to finalise agreements that could see tangible investment in both energy and infrastructure sectors in the coming years.
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