By Grace Gilo
President William Ruto has expressed his support for the European Bank for Reconstruction and Development (EBRD) decision to establish its African continental office in Nairobi.
The ratification process for this decision is currently underway in Parliament.
“This is a strategic move that will strengthen support for Micro, Small and Medium Enterprises (MSMEs) and promote Public-Private Partnerships as key drivers of economic growth,” stated the Head of State.
He made these remarks during the Fourth International Conference on Financing for Development in Seville, Spain, where he met with EBRD President Odile Renaud-Basso.
During their discussions, President Ruto and President Renaud-Basso agreed on a comprehensive engagement strategy that includes support for climate financing, the promotion of green investments, and the organization of an investor conference in Nairobi later this year.
The bank also reaffirmed its commitment to the Bottom-Up Economic Transformation Agenda (BETA) and proposed a structured, long-term partnership.
Earlier, President Ruto held bilateral talks with Ukrainian Prime Minister Denys Shmyhal, during which he committed to strengthening diplomatic relations between Kenya and Ukraine for the benefit of both nations.
“Kenya and Ukraine are working on expanding educational opportunities, particularly for their students,” he said.
Additionally, President Ruto addressed food security challenges in collaboration with Ukraine.
He reiterated that Kenya is seeking ways for Ukraine to leverage its strategic location to support the regional distribution of essential commodities through the port of Mombasa.
He added that the Kenya-Ukraine partnership presents a valuable opportunity to enhance cooperation in information and communication technology (ICT) and trade for mutual growth and development.
The two leaders reaffirmed their shared commitment to promoting regional and global stability through peacekeeping, mediation, and multilateral diplomacy, grounded in the United Nations Charter and a rules-based international order.