By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Somali President arrives in Kenya for the AfDB conference.
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > News > Somali President arrives in Kenya for the AfDB conference.
News

Somali President arrives in Kenya for the AfDB conference.

Ivy Irungu
Last updated: May 29, 2024 6:12 am
Ivy Irungu
1 year ago
Share
SHARE

Somalia President Hassan Sheikh Mohamud has arrived in Nairobi, Kenya, to attend the annual African Development Bank (AfDB) summit currently taking place at the Kenyatta International Convention Centre (KICC).

President Mohamud is among the 28 senior government officials expected to participate in the event on Wednesday, May 29, 2024, during which President William Ruto will deliver his remarks.

Later, Ruto will host a state dinner at the State House, which will be attended by several heads of state from across Africa. Defence Cabinet Secretary Aden Duale welcomed President Mohamud to the country on Tuesday evening in preparation for the summit on Wednesday.

Duale, speaking upon the president’s arrival, emphasized the significance of the summit, which will involve representatives from AfDB’s 81 member states.

“President Sheikh, along with other African Heads of State, is in the country to attend the Annual Meetings of the African Development Bank Group starting tomorrow,” Duale stated.

The AfDB summit commenced on May 27, 2024, and is scheduled to continue until May 31, 2024. This year’s theme for the 2024 Annual Meetings is ‘Africa’s Transformation, the African Development Bank Group, and the Reform of the Global Financial Architecture.’

READ MORE  Philippine Court jails 17 militants for life for resort kidnappings carried out 24 years ago

The African Development Bank emphasized in an earlier statement that these meetings aim to accelerate structural transformation in Africa to achieve faster socio-economic progress.

The knowledge events during the summit will also discuss the significance of restructuring the global financial architecture to drive structural transformation, along with the African Development Bank Group’s role in Africa’s socio-economic development over its 60 years of existence.

One prominent item on the agenda is the insufficient climate finance available for African priorities, coupled with the high capital costs for investing in sustainable infrastructure for green growth and an equitable energy transition.

Additionally, the annual meetings provide a vital platform for the 81 governors and finance ministers of the AfDB to convene and discuss key economic decisions.

These meetings serve as the most significant stakeholder forums within the Bank Group’s framework, attracting up to 3,000 senior government officials and private investors.

Ethiopian forces thwart Shabaab attack on their base in Somalia
DP Gachagua to universities: Scrap ‘outdated’ courses
Eastleigh Mall wins Sh360m tax fight with KRA
President Ruto plots new car tax, VAT if court cripples Finance Act
Kuppet and TSC consent to removing the letters of cause sent to the JSS intern tutors
Share This Article
Facebook Email Print
Previous Article Israel denies the strike on a camp near Rafah, which Gaza officials say killed 21 people.
Next Article KDF official withdraws Ksh1 million land surety for daughter’s boyfriend
about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • I’m afraid of returning to Liverpool – Salah reacts to Jota’s death
  • Man arraigned for allegedly swindling Ksh.4.1 million in car sale scam
  • Congo, M23 rebels plan return to Qatar talks amid Trump pressure
  • US House passes Donald Trump’s controversial ‘One Big Beautiful Bill’
  • Blac Chyna calls off engagement to rapper Derrick Milano

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?