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AfDB: total project funding of US$178 million in Tunisia in 2023Kakamega To Host An International Business Conference

The African Development Bank (AfDB) approved a total volume of operations of US$178 million (TND 550 million) for Tunisia in 2023. This includes a loan of pound 81.9 million to implement the Treated Wastewater Quality Improvement Project For Climate Resilience Building (PAQEE-RCC).

“To be implemented over the period 2024-2028, the project will improve the treatment of wastewater to make it compliant with the standards for its reuse. It will improve treatment and energy performance through the renewal of electromechanical and electrical equipment and the use of photovoltaic solar energy in 19 water treatment plants across 11 of the country’s governorates. It will also contribute to improving the water balance, to building resilience to climate change and to improving the quality of life for more than 670,000 people,” the bank said.

The AfDB also funded key operations in North Africa totalling over $2 billion in a number of strategic sectors.

Source: Agence Tunis Afrique Presse

Kakamega County will host the first ever International Business Conference from 19th to 22nd March this year.

The Theme of the Conference is ‘opening up counties as the new frontiers for investment and development among 14 Lake Region Economic Bloc (LREB) Counties’.

Governor Fernandes Barasa announced that the conference will bring together over 3,000 participants from across the globe.

Speaking during the Kakamega business awards and gala dinner, Governor Barasa said the Conference will be a major opportunity for the LREB counties, to partner and showcase the potential of the region as a business destination.

‘As you are aware counties are at the bottom of the pyramid, so there is a lot of investments happening at the counties, but we have never had a proper investment Conference that will attract and showcase to the general public, the opportunities that are available,’ he noted.

The Governor explained that the International Conference will culminate with the formation of Kakamega Investment Hub for w
estern region, where investment opportunities will be showcased through the Kakamega County Investment Development Agency (KCIDA).

The National Director of Kenya National Chamber of Commerce and Industry, Ken Onditi, who was present during the Gala Awards, said the Chamber will advertise to more than 177 Chamber members worldwide, to increase participation in the Conference.

‘We will lobby countries where we started joint business councils such as in Turkey to attend and exhibition at the Kakamega International Business Conference,’ he noted.

Source: Kenya News Agency