The Government of Kenya has granted permission to India Exim Bank to set up its East Africa Representative Office in Nairobi.
This decision comes after India Exim Bank provided financial assistance to Kenya for various development projects.
Prime Cabinet Secretary Musalia Mudavadi,on his X account, expressed that the establishment of India Exim Bank in Nairobi reflects the confidence placed in Kenya.
He states that this highlights Nairobi’s position as a regional financial hub.
Mudavadi further stated that the presence of India Exim Bank will not only create job opportunities for Kenyans but will also enhance their skills in the financial sector.
“In the short-term, the Bank will create employment opportunities for Kenyans and deepen their skills in the sector”, stated Mudavadi on his X account.
Additionally, he emphasized that the collaboration will contribute to the achievement of national development priorities in the long term.
“In the long-term collaboration between Kenya and the Bank will support national development priorities”, added Mudavadi
