Kenya hails World Bank, IFC for opening regional offices in Nairobi

The government has welcomed the decision by the World Bank and the International Finance Corporation (IFC) to have some of their regional heads based in Nairobi.

President William Ruto stated that the move positions Kenya as a central hub for the region and the entire African continent.

He was speaking when he met World Bank Vice-President for Eastern and Southern Africa, Victoria Kwakwa, at State House, Nairobi. She was accompanied by the bank’s Country Director for Kenya Qiamiao Fan.

“The government, therefore, welcomes the decision that the World Bank and International Finance Corporation Regional vice-presidents for Eastern and Southern Africa be based in Nairobi. This will make our capital city a central hub in our region and Africa, and a huge World Bank community of 870 staff”, he stated.

Additionally, he praised the World Bank as a dependable financial partner of Kenya for over 50 years.

“ It has been supporting our country’s journey to becoming an upper middle-income country by 2030 through initiatives to reduce poverty and promote shared prosperity”, he noted.