How Arab Billionaires Landed Ksh67 Billion Deal in Kenya Through Ruto's Government

 President William Ruto announced on Wednesday, April 24, that investors from the United Arab Emirates (UAE) would invest Ksh67 billion in Kenya's economy.

The President made this announcement during a meeting with UAE’s Minister for Investment Mohamed Alsuwaidi at State House Nairobi.

It was explained to Kenyans that the investors had agreed on a financing and investment framework. Through this framework, Kenya and the UAE will explore programs and investment opportunities worth USD500 million.

State House clarified that the two governments had also agreed on a Memorandum of Understanding in mining to explore investment and trade opportunities in the sector.

This investment is happening at a time when Kenya is considering allowing mining in National Parks and other protected areas. Taita Taveta County governor Andrew Mwadime mentioned on March 25 that the plan was in advanced stages. He made these remarks during a meeting with Cabinet Secretaries Alfred Mutua (Tourism) and Salim Mvurya (Mining).

The leaders were discussing how to allow miners to access national parks and begin exploiting minerals. CS Salim Mvurya later confirmed that the plan was advancing to allow investors to exploit natural resources in national parks.

It wasn't disclosed if the UAE investors would be involved in the exploration of minerals.