OPEC Fund finances Samatar - Wajir Road project in Kenya
The OPEC Fund for International Development has signed a $20 million public sector loan agreement with Kenya to increase regional connectivity, enhance trade and improve the socio-economic welfare of about 1.6 million people.
The loan will finance the upgrading of the 90km Samatar - Wajir Road, a part of the North and North-Eastern Development Initiative Program. The program will better connect Kenya’s northern region to the rest of the country, improving an important 739km corridor linking Isiolo in the north with Mandera in the northeast, at the border with Ethiopia.
The OPEC Fund is co-financing the project with the Arab Bank for Economic Development in Africa, the Kuwait Fund for Arab Economic Development, the Saudi Fund for Development and the government of Kenya.
