Ruto secures Sh90 billion from Japan for Kenyan projects
Ruto was representing President Uhuru at the global fifth Tokyo International Conference on Africa’s Development in Yokohama city.
The objective of the conference was to promote high-level policy dialogue between Japan and African leaders and strengthen cooperation.
Addressing a press conference yesterday at the Jomo Kenyatta International Airport, Ruto said the Japanese government has agreed to fund some projects especially in infrastructure and agriculture.
He said the Japanese government will spend more than Sh90 billion in various projects across the country. Ruto said Japan will fund the expansion of the Mombasa port at a cost of Sh30 billion and another Sh60 billion to fund the 600 kilometre Kitale-Juba road.
He said it will fund the expansion of geothermal and coal-powered energy in Naivasha, Kitui and Kwale.
“The Jubilee government is determined to reduce the cost of living. I held talks with the Japanese government and they have agreed cooperate more with us on energy,” Ruto said.
Kenya has appointed Toyota’s president Jun Karibe as a honorary consul in Nagoya, Japan. Karibe will represent Kenya in Nagoya, Japan’s main economic centre with major manufacturing industries.
The city contributes 40 per cent to Japan’s economy and handles 20 per cent of its international trade. The move is geared towards spurring Kenya’s economic diplomacy with Japan to reduce the imbalance of trade between the two countries.
The decision to establish a consulate in Nagoya is in accordance with Kenya’s economic diplomacy which aims to strengthen trade and investment ties in its foreign relations.-the-star.co.ke