The World Bank’s private sector arm on Monday signed two advisory services agreements with Laikipia County government aimed at assessing the viability of private sector participation in delivering two pilot projects linked to Kenya’s development blueprint dubbed the Big Four Agenda.
Manuel Moses, East Africa Country manager at International Finance Corporation (IFC) said in Nairobi that the first project is an affordable housing project in Nanyuki town which is targeting low income households while the second project is an integrated feedlot scheme that aims to modernize the county’s livestock sector through commercializing and intensifying its production and processing capabilities.
“By supporting county governments in Kenya, IFC can help attract private capital into public investment programs. Our support to Laikipia will help deepen private sector participation in sustainable development while creating markets to maximize impact on the ground,” said Moses.
President Uhuru Kenyatta’s Big Four Agenda is targeting improvements in manufacturing, food security and nutrition, universal health coverage and affordable housing.
Ndiritu Muriithi, governor of Laikipia County said that the advisory services assignment undertaken by IFC will help the county to identify areas that need to be addressed in order to make the county more attractive to private investments.
Muriithi said that partnership with IFC will also help in the realization of some of the county government’s flagship projects in the promotion of food and nutrition security. Enditem