Serrari Group

President William Ruto has announced Kenya’s pledge to inject $100 million (equivalent to KSh 13.2 billion) into key African financial institutions over the next three years. This commitment aims to bolster Kenya’s stake in the African Development Bank (AfDB), Afrexim Bank, and the Trade and Development Bank (TDB), signaling the nation’s dedication to regional development.

President Ruto emphasized the importance of African nations investing in these institutions to foster confidence and attract further investment. This strategic move is expected to enhance the AfDB’s lending capacity, facilitating crucial development projects across the continent.

In addition to the investment in these banks, Kenya has committed KSh 2.6 billion to the Africa Development Fund (ADF), underscoring its commitment to advancing regional growth initiatives.

These financial commitments come at a pivotal moment, following the AfDB’s remarkable financial performance in 2023, with earnings soaring to $1.73 billion (KSh 227.5 billion).

Kenya’s significant ownership stake in the AfDB and its active participation in the Trade and Development Bank (TDB) within the Common Market for Eastern and Southern Africa (Comesa) highlight its pivotal role in shaping the continent’s financial landscape.

President Ruto’s proactive approach towards strengthening Kenya’s shareholding in these institutions aligns with the broader goal of unlocking Africa’s economic potential and creating opportunities for shared prosperity. Through strategic investments and collaborative initiatives, Kenya is poised to play a pivotal role in shaping Africa’s economic future.

photo source: Google

By: Montel Kamau

Serrari Financial Analyst

30th May, 2024

Share this article:
Article and News Disclaimer

The information provided on is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

In no event will be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.

The articles, news, and information presented on reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.

The content on may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.

By using, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website., reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.

Serrari Group 2023