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Kenya To Chair The Boards Of Governors Of The African Development Bank And The African Development Fund By Maureen Mambo: MMambo@brand.ke
Cabinet Secretary, National Treasury and planning Prof. Njuguna Ndungu was elected to chair the Boards of Governors of the African Development Bank and the African Development Fund for a period of one year. Prof, Ndungu was elected during the African Development Bank’s 2023 Annual Meetings held in Sharm El Sheikh, Egypt. The 58th Annual meetings under the theme Mobilizing private sector financing for climate and Green growth in Africa, provided an opportunity for Governors to dialogue on Africa’s challenges in attracting private sector financing and practical policies that governments can use to alleviate these challenges. In his maiden speech, Prof. Ndungu accepted the chairmanship position noting the extensive work the outgoing chairman Honourable Mr. Hassan Abdallah, Governor of Egypt, had achieved, diligently and devotedly guiding the Business of the Bank and creating
a strong foundation the bank currently stands on.
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NEWSLETTER HIGHLIGHTS Kenya To Chair The Boards Of Governors Of The African Development Bank And The African Development Fund Youth and export business – tips on how young people can get into the business
Prof. Ndungu noted that the Government of Kenya’s is committed to ensure economic excellence and sustainability despite the global shocks. “Following the peaceful and transparent elections held in August 2022 won by H.E. President William Ruto, His Government has since then spared no efforts in pursuing its ambitious developmental strategy that seeks to achieve shared prosperity through the National Development Plan and the Kenya Kwanza ‘Bottom-Up Economic Transformation Agenda (BETA)”.
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According to Prof. Ndungu, the new Government agenda aims at strengthening the resilience of the Kenyan Economy. “As we navigate through the Perfect Storm from the devastating effects of COVID-19 pandemic, the Russia – Ukraine War, geo-political tensions and climate change effects and other emerging global shocks. These have
Mariam Maina - Editor Maureen Mambo Irene Van De Graaf Gertrude Mirobi Jonah Karanja Stephanie Mutuku Rachael Nyambura Wanjama Hellen Kiarie Samuel Njaaga - Layout
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