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Friday, 04 March 2016

EIB Nairobi team outlines engagement in East Africa to parliamentary delegation

Last week a high level delegation from the European Parliament were briefed on the European Investment Bank’s current support for renewable energy, transport and water investment and backing for private sector investment in Kenya and the wider Eastern Africa region, and expected future engagement in the country. The European Investment Bank is the world’s largest international public bank and last December celebrated the 10 year anniversary of the Nairobi office. The visit to the Nairobi based East Africa representative office of the European Investment Bank allowed the members of the European Parliament’s development committee to discuss key projects backed by the EIB. These include schemes crucial for increasing sustainable energy in Kenya, improving supply of clean water around Lake Victoria and enhancing access to finance by Kenyan and neighbouring countries’ companies in cooperation with leading local banks.

Source: EIB

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