THE NATIONAL TREASURY CS JOHN MBADI MEETS THE MULTILATERAL COOPERATION CENTRE FOR DEVELOPMENT FINANCE CEO

The National Treasury Cabinet Secretary Hon. FCPA John Mbadi earlier today, Wednesday 4th February, 2026 convened a high-level consultative meeting with the Multilateral Cooperation Centre for Development Finance (MCDF) Chief Executive Officer, Mr. Zhongjing Wang at the Treasury Building.

The MCDF promotes high-quality connectivity infrastructure investment in developing Countries through effective partnerships.

The meeting follows earlier engagements held in China, where Kenya and the Asian Infrastructure Investment Bank (AIIB) one of the MCDF's implementing partners, jointly explored avenues for enhanced collaboration in mobilizing blended financing for large-scale infrastructure developments in Kenya.

Building on those discussions, the meeting focused on aligning Kenya’s Infrastructure with MCDF’s financing instruments and technical support mechanisms.

During today's deliberations, CS Mbadi underscored the Government of Kenya’s commitment to fiscally sustainable infrastructure development that supports economic growth, cross-boarder connectivity and social transformation.

CS Mbadi emphasized the importance of innovative financing models, project preparation support and strong partnerships with multilateral institutions to bridge the Country’s infrastructure financing gap.

He highlighted that the MCDF partnership approach is critical in strengthening project design, feasibility and bankability. He highlighted that the National infrastructure fund particularly targets sectors such as; transport, energy, urban infrastructure projects, water and irrigation among others.

The CS also noted that the MCDF supported feasibility study will build on the findings of a pre-feasibility study currently being financed by AIIB. This follows the Government of Kenya’s formal request for support to advance the Mau Summit-Malaba road project preparation, he added.

On his end, the MCDF CEO underscored that the Government of Kenya has demonstrated a strong and positive impression through its efficiency, consistency and commitment to development objectives.

The CEO emphasized the importance of collectively developing bankable and affordable infrastructure projects that are attractive to investors and aligned with Kenya’s fiscal sustainability goals.

In addition, MCDF reaffirmed readiness to provide capacity building support so as to strengthen project preparation across Institutions.This support may be delivered through Public Private Partnerships (PPPs), including among others, initiatives centred around the Kenya Institute for Public Policy and Research (KIPPRA).

In his remarks, the Economic Planning Principal Secretary, Dr. Bonface Makokha highlighted the role of strategic planning and project prioritisation in ensuring that Infrastructure investments deliver maximum economic and social returns.

The meeting displayed a shared understanding to deepen cooperation, enhance information sharing with a view to translating discussions into tangible well-financed infrastructure projects that support Kenya’s long-term development goals.

In attendance during the meeting were: MCDF CEO Senior Advisor, Ayumi Konishi; MCDF Head of Governance team, Rui Mi; MCDF Senior Investment Specialist for Infrastructure, Monde Nyambe; MCDF Sustainable Development Specialist, Erick Mariga; Economic Planning Director General, Dr. Masini Ichwara; PIPM Director General Lawrence Kibet; KIPPRA Board Chairperson, Prof. Paul Wachana; KIPPRA Executive Director, Dr. Eldah Onsomu; Ag. Economic Planning Secretaries James Maina and Festus Wangwe among other Senior Officials.