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    AfDB commits $105m to Finance Improvement of 73-Km Kenya-Uganda Road

    Angeline
    By Angeline Mbogo
    - August 31, 2018
    - August 31, 2018
    Kenya Business news
    AfDB commits $105m to Finance Improvement of 73-Km Kenya-Uganda Road

    The African Development Bank (AfDB) will finance the 73-kilometre road connecting Kenya and Uganda with $105 million in an effort to boost trading activities and economic growth between the two countries.

    The rural road from Kapchorwa to Suam has been inhibiting the transportation of agricultural produce and people due to its deplorable state. The AfDB will, therefore, finance the renovation of the road, a move that will positively affect the quality of commodities transported and their timely delivery.

    The construction of this road will also facilitate the trade between Uganda and Kenya, which has been healthy over the years.

    The project will join the long list of developments the bank has supported in East Africa as it aims to reduce poverty on the continent and enhance the living standards of all Africans.

    According to the Construction Review Online, East African countries expressed their need to improve “infrastructure in their new financial year review to facilitate the growth of imports and exports.”

    The Kenyan government, in particular, is focused on developing infrastructure to attract investors and eventually boost economic growth. Currently, the country is working on various infrastructural projects such as the standard gauge railway, the Nairobi rail flyover, and the superhighway Linking JKIA to the Nairobi-Nakuru highway.

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