India Exim Bank to open regional office in Nairobi, Mudavadi says

NAIROBI, Kenya, Nov 28 -The Government of Kenya has acceded to the request of India Exim Bank to locate its East Africa Representative Office in Nairobi.

According to Prime Cabinet secretary Musalia Mudavadi, India Exim Bank has previously provided financial support to Kenya with respect to development projects in the energy, textile and apparel and agricultural sectors and small and medium scale enterprises.

Further, Mudavadi noted that the establishment of India Exim Bank in Nairobi is a confirmation of 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,” stated Mudavadi on his X handle.

” In the long-term, collaboration between Kenya and the Bank will support national development priorities,” added Mudavadi.

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