Sweden moves to implement new five-year Kenya Development Strategy

NAIROBI, Kenya, Oct 5 — Sweden is moving to implement a new five-year development cooperation strategy with Kenya, with a focus on mobilizing private capital to support the country’s green…

Swedish Ambassador to Kenya Håkan Åkesson said Sweden had concluded consultations and operational planning for its 2026–2031 Development Cooperation Strategy with Kenya, paving the way for implementation.

The strategy was shaped through consultations with the Kenyan Government, private sector, development partners and civil society, alongside Sweden’s development agency Sida.

“We are now ready to move from planning to implementation, in close partnership with Kenya,” Åkesson said.

The ambassador said the new strategy would place particular emphasis on financing approaches designed to attract and mobilize capital beyond traditional development assistance.

These include challenge funds, guarantees, revolving funds and other innovative financing mechanisms aimed at supporting development priorities while bringing in additional sources of capital.

Source: Capital FM