President William Ruto declared Japan an "important strategic economic partner" during his state visit to Tokyo, emphasizing the potential of enhanced collaboration to drive significant socio-economic change in Kenya.
"Japan remains an important strategic economic partner whose enhanced collaboration will witness significant socio-economic transformation of our country," President Ruto stated.
His visit yielded substantial results, with Japan committing Sh350 billion (approximately $3.2 billion) to support various development projects in Kenya.
These include the ambitious Mombasa Gateway Bridge, a critical infrastructure project expected to boost regional trade, and the Dongo Kundu infrastructure ecosystem, a planned industrial hub aimed at attracting foreign investment and creating jobs.
Beyond financial support, President Ruto also highlighted the signing of the key Memoranda of Understanding (MoUs) during his bilateral talks with Prime Minister Fumio Kishida.
These agreements focus on areas of mutual interest, including:
Information and Communication Technology (ICT): Collaborating on digital infrastructure development and skills training to bridge the digital divide.
Strengthening KEMRI's Capacity: Enhancing the Kenya Medical Research Institute's capabilities in pandemic preparedness and response.
Samurai Bond Issuance: Facilitating Kenya's access to Japanese capital markets for infrastructure development.
"In Tokyo, Japan, held bilateral talks with Prime Minister Fumio Kishida and witnessed the signing of MoUs in the ICT, enhancement of KEMRI's capacity to build on its pandemic management and the issuance of the Samurai bond to support our infrastructure development," Ruto stated.
President Ruto's visit underscores the growing strategic partnership between Kenya and Japan.
By leveraging Japan's expertise and financial resources, Kenya aims to accelerate its development agenda, focusing on infrastructure, healthcare, and digitalization.
The Sh350 billion investment and the signed MoUs represent a significant step towards achieving this goal, paving the way for a more prosperous and resilient Kenya.
This visit marks a significant milestone in Kenya's journey towards economic transformation.
With Japan's continued support and collaborative efforts, the country is poised to unlock its full potential and create a brighter future for its citizens.