On Tuesday, Prime Minister Narendra Modi stated that in order to fully realize the potential of their economic cooperation, Kenya and India will keep looking into new opportunities. He emphasized that India has continued to be Kenya’s reliable and devoted development partner. Prime Minister Modi declared at a joint news conference with Kenyan President William Ruto that India has chosen to give Kenya a USD 250 million credit line for the modernization of its agricultural sector.
He said, “As two agrarian economies, we agreed to share our experiences. To modernize agricultural sector of Kenya, we have also decided to provide a line of credit of USD 250 million.”
“Laying the foundation of a progressive future, today, we thought of strengthening our cooperation in all sectors and identified many new initiatives,” PM Modi said.
“We also note that mutual trade and investment between India and Kenya is making steady progress and we will continue to explore new opportunities to realize the full potential of our economic cooperation. India has been a trusted and committed development partner for Kenya. Through ITEC and ICCR scholarships, India has made a significant contribution in the skill development and capacity building of the people of Kenya,” the Prime Minister said.