President William Ruto announced Kenya’s increased stake in the Africa Finance Corporation (AFC) by Ksh3.25 billion. The move aims to strengthen Kenya’s financial influence across the continent. The investment follows a recent visit to Nigeria, where Ruto met with business leaders. During the visit, he toured the Dangote Refinery in Lagos, a key player in the region’s energy sector. Ruto expressed interest in replicating the success of the Dangote Refinery by building a new East African refinery in Lamu. This project is expected to significantly enhance Kenya’s energy infrastructure and economic prospects. The AFC, a regional financial institution, plays a vital role in supporting development across Africa. Kenya’s increased investment underscores its growing commitment to regional economic integration and infrastructure development.
Kenya Boosts Stake in Africa Finance Corporation

























