Sharp Daily
No Result
View All Result
Sunday, July 27, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Ruto’s Japan visit unlocks billions for Kenya projects

Brian Murimi by Brian Murimi
February 8, 2024
in News
Reading Time: 1 min read

Kenya’s President William Ruto has concluded a successful visit to Japan, securing KES 350 billion in financial agreements and signing several memoranda of understanding (MoUs) with his Japanese counterpart Fumio Kishida.

The two leaders held bilateral talks in Tokyo on Thursday, where they discussed ways to enhance cooperation in various sectors, including infrastructure, energy, health, and security.

Among the major deals announced were:

– KES 260 billion for the construction of the Dongo Kundu Special Economic Zone and the Mombasa Gateway Bridge, which will boost trade and tourism in the coastal region.
– KES 15 billion for the expansion of the Olkaria Geothermal Development Project, which will increase Kenya’s renewable energy capacity and reduce greenhouse gas emissions.
– KES 1 billion for the provision of medical oxygen to Kenyan hospitals, and KES 320 million for humanitarian assistance to vulnerable populations through the United Nations.
– KES 3 billion for the Kenya Medical Research Institute, which will support the development of vaccines and diagnostics for infectious diseases.

RELATEDPOSTS

Kawira dismisses Ruto’s Meru tour, vows 2027 comeback

March 25, 2025

Ruto reshuffles government to boost economic transformation

March 21, 2025

The two leaders also signed MoUs for cooperation in information and communication technology (ICT), health, finance, and security, as well as a joint statement on the promotion of a free and open Indo-Pacific region.

President Ruto also secured Japan’s backing for the Mwea Irrigation Scheme and the National Rice Masterplan, which aim to increase Kenya’s food security and self-reliance.

“Japan remains an important strategic economic partner whose enhanced collaboration will witness significant socio-economic transformation of our country,” Ruto said.

The visit marked President Ruto’s first official trip to Japan since taking office in 2022.

Previous Post

Treasury seeks global consultant to revamp PPP initiatives

Next Post

Kiambu landowners to stage demos over land rates

Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025

LATEST STORIES

Shri Krishana Overseas lists on NSE

July 25, 2025

Why young professionals should care about pensions

July 23, 2025

How Kenya can reinforce fiscal rules to prevent recurrent budget overruns

July 23, 2025
commercial illustrator

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025

Transferring Your Retirement Benefits Between Pension Schemes in Kenya

July 23, 2025

Invest in stability: introducing the Cytonn USD money market fund

July 18, 2025

The Importance of Asset Diversification on Kenyan Pension Funds

July 18, 2025

Park your money where it grows: Why more Kenyans are turning to Cytonn Money Market Fund

July 16, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024