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China-led AIIB lines up debut mega toll road investment in Kenya
Kenya's President William Ruto during a meeting with Asian Infrastructure Investment Bank (AIIB) Chairman Jin Liqun at the bank's headquarters in Beijing, China on September 3, 2024.
The China-led Asian Infrastructure Investment Bank (AIIB) is lining up its first project in Kenya, just over a year after Nairobi became a fully paid-up member in efforts to the country’s bridge a Sh16.14 trillion infrastructure funding gap.
The Beijing-based AIIB has invited bids for a consultant to conduct a pre-feasibility study on upgrading the 243-kilometre Mau Summit–Malaba Highway into an access-controlled, tolled, four-lane road—marking its maiden activity in Kenya’s projects scene.
