Prime Cabinet Secretary Musalia Mudavadi has announced that the government has agreed to the request of India Exim Bank to locate its East Africa Representative Office in Nairobi.
Mudavadi said that India Exim Bank has previously provided financial support to Kenya concerning development projects in the energy, textile apparel, and agricultural sectors and small and medium-scale enterprises.
Further, speaking on X, Mudavadi noted that establishing India Exim Bank in Nairobi confirms the confidence in Kenya and the competitive edge of Nairobi as a regional financial hub.
“In the short-term, the Bank will create employment opportunities for Kenyans and deepen their skills in the sector.”
” In the long-term, collaboration between Kenya and the Bank will support national development priorities,” Mudavadi said.
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