Arab Today, arab today world bank plans more investments in kenya in 2014
Last Updated : GMT 06:51:55
Arab Today, arab today
Arab Today, arab today

World Bank plans more investments in Kenya in 2014

Arab Today, arab today

Arab Today, arab today World Bank plans more investments in Kenya in 2014

World Bank
Beijing - XINHUA

The World Bank's lending arm, the International Finance Corporation (IFC) has announced plans to invest about 300 million U.S. dollars in Kenya, praising the country's thriving economy.
Oumar Seydi, IFC director for Eastern and Southern Africa Region, said late Wednesday in Nairobi that Kenya has good indigenous enterprises that are well prepared and encouraged firms in the private sector which are in need of financial support to forward their applications.
"IFC's continued high level of activity in Sub-Saharan Africa reflects our support to private sector clients as they drive local economies forward," Seydi said.
He said the IFC has been formed to promote open and competitive markets as well as mobilize finance for private sector development. In the year ending June, IFC made investments worth 4.6 billion dollars in 31 countries in Sub Saharan Africa.
In the East African region, private firms in Kenya received the lion's share of 21 percent or 210 million dollars that was invested in banking, education, real estate and production of edible oils.
The World Bank's lending arm said its activities impacted 1.1 million farmers in Africa, provided 17 billion dollars of financing to entrepreneurs, delivered health services to a million patients and improved quality of education for 117,000 students.
Seydi said African governments enacted over 70 reforms to improve business regulation, drawing on support from the World Bank Group.
The impact of these reforms, he said, includes private sector cost savings of 25.5 million dollars in Ethiopia, thanks to more efficient imports and exports clearing procedures, an additional 106 million dollars in investment by new businesses in Rwanda generating 29, 000 jobs, and levelled taxation between men and women in Cote d'Ivoire.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world bank plans more investments in kenya in 2014 Arab Today, arab today world bank plans more investments in kenya in 2014

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world bank plans more investments in kenya in 2014 Arab Today, arab today world bank plans more investments in kenya in 2014

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday