{"id":6229,"date":"2025-08-21T14:15:16","date_gmt":"2025-08-21T14:15:16","guid":{"rendered":"https:\/\/tandaomedia.co.ke\/?p=6229"},"modified":"2025-08-21T14:36:15","modified_gmt":"2025-08-21T14:36:15","slug":"tmg-news-72","status":"publish","type":"post","link":"https:\/\/tandaomedia.co.ke\/index.php\/2025\/08\/21\/tmg-news-72\/","title":{"rendered":"Mudavadi unlocks Ksh.25 Billion Japanese Aid To Spur Kenya\u2019s Vehicle Assembly!"},"content":{"rendered":"
\"\"<\/figure>\n\n\n

In a landmark move poised to reshape Kenya\u2019s industrial landscape, Japan has pledged Sh22 billion (25 billion Yen) in Samurai Financing to support local vehicle assembly and energy efficiency initiatives.<\/p>\n\n\n\n

The announcement was made during the Ninth Tokyo International Conference on African Development (TICAD 9) in Yokohama, Japan, where Prime Cabinet Secretary Dr. Musalia Mudavadi signed a Memorandum of Understanding with Nippon Export and Investment Insurance (NEXI) Chairman and CEO Mr. Atsuo Kuroda.<\/p>\n\n\n\n

Mudavadi emphasized that the funding will catalyze Kenya\u2019s National Automotive Policy, which aims to phase out the importation of used vehicles and parts in favor of locally manufactured, energy-efficient alternatives.\u201cThis unique Samurai financing facility will stimulate the entire automotive value chain, foster innovation, and create quality jobs,\u201d he said.<\/p>\n\n\n\n

The Ministry of Investment, Trade and Industry (MITI) is set to receive Sh13.1 billion (15 billion Yen) to empower local assemblers and parts manufacturers, with a strong focus on electric vehicles and green technology. A technical education component will also be included to equip Kenyans with skills for the emerging green automotive industry.<\/p>\n\n\n\n

\"\"
3rd December 2024, Kenya, Nairobi: Musalia Mudavadi, Prime Minister of Kenya, speaks during the opening of the 5th German-African Business Summit. Photo\/Courtesy.<\/sup><\/strong><\/figcaption><\/figure>\n\n\n\n

The Ministry of Energy will benefit from Sh4.8 billion (5.5 billion Yen) to combat electricity transmission and distribution losses, which currently account for nearly a quarter of Kenya\u2019s national output. Funds will be used to install high-efficiency transformers and train engineers to manage the upgraded infrastructure.An additional Sh3.9 billion (4.5 billion Yen) will be allocated to general budgetary support, aimed at reinforcing fiscal stability and freeing resources for national development programs.<\/p>\n\n\n\n

A Strategic Partnership for Transformation.<\/strong><\/p>\n\n\n\n

Witnessed by President William Ruto and Japan\u2019s Prime Minister Shigeru Ishiba, the agreement signals a deepening of Kenya-Japan ties and a shared commitment to sustainable development.\u201cThis partnership reflects Kenya\u2019s bold strategy to diversify funding sources and unlock new opportunities for our people,\u201d said Dr. Mudavadi.The seven-year Samurai facility marks a shift away from traditional borrowing channels, offering Kenya a flexible and forward-looking financial instrument to drive its Bottom-Up Economic Transformation Agenda.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

In a landmark move poised to reshape Kenya\u2019s industrial landscape, Japan has pledged Sh22 billion (25 billion Yen)<\/p>\n","protected":false},"author":3,"featured_media":6230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[6],"tags":[],"class_list":["post-6229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_publicize_connections":[],"yoast_head":"\nMudavadi unlocks Ksh.25 Billion Japanese Aid To Spur Kenya\u2019s Vehicle Assembly! - Tandao Media<\/title>\n<meta name=\"description\" content=\"The announcement was made during the Ninth Tokyo International Conference on African Development (TICAD 9) in Yokohama, Japan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tandaomedia.co.ke\/index.php\/2025\/08\/21\/tmg-news-72\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mudavadi unlocks Ksh.25 Billion Japanese Aid To Spur Kenya\u2019s Vehicle Assembly! 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