MIGA's chief chief operating officer
Miga is the
Transport infrastructure and agribusiness form government's priority investment areas as it seeks to achieve a stubbornly elusive double-digit growth by 2017, and are set to continually receive tens of billions of shillings annually under the public private partnership model over the medium term.
Key infrastructural projects include the Sh 2.5 trillion (
"We have also held talks with key government officials on how we can also provide a solution at the port(of Mombasa)," Wormster said. "We are not targeting only foreign investors coming in but also Kenyan businesses going out as they seek opportunities regionally."
The agency's presently notable involvement in
"Demand for insurance guarantees has increased and we have doubled our exposure in the region over the last four years," he said. "THe officials we met expressed a lot of appreciation to our support and proposal."
A statement by the bank said MIGA has since over the years from its inception in 1988 underwritten insurance guarantees amounting to
"Our ongoing support to
The agency's support revolves around currency inconvertibility and transfer restrictions, expropriation, war, terrorism and civil disturbance, breach of contract and non-honouring of financial obligations.
Earlier in the week he had held similar talks with authorities in the south-neighbouring
MIGA is also involved in projects in
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