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Kenya : WORLD BANK plans for ways of aiding KENYA MOBILIZE CAPITAL

August 28, 2014

A senior official from the World Bank's political risk insurance and credit enhancement arm are looking for the ways of aiding Kenya mobilize capital to fund several energy projects.

Michel Wormser, Vice President and Chief Operating Officer of the Multilateral Investment Guarantee Agency (MIGA), will during a two-day visit meet with senior government officials and representatives of banks, and other private sector entities.

Wormser added,"Our ongoing support to Kenya's energy sector is a strong demonstration of how the agencies of the World Bank Group can mobilize significant volumes of private sector investment to provide an essential service and be helpful in advancing the country's development agenda".

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Source: TendersInfo (India)

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