In a major boost for East Africa, the European Bank for Reconstruction and Development (EBRD) has confirmed that its first regional office in Sub‑Saharan Africa will be based in Nairobi, Kenya. President William Ruto hailed the decision as a strategic move that will strengthen regional economic integration and development.
The Nairobi hub, expected to open later this year, will support local micro, small, and medium enterprises (MSMEs), foster public–private partnerships, and promote green investment across the region. It also paves the way for a high-level investor conference to be held in the Kenyan capital.
The announcement came during a meeting in Seville, Spain, between President Ruto and EBRD President Odile Renaud‑Basso at an international development finance summit. Ruto welcomed Kenya’s upcoming formal membership in the bank and emphasized Nairobi’s readiness to host the institution.
Kenyan officials, including representatives from the private sector and the National Treasury, have already held preparatory meetings with EBRD leadership to align strategies and ensure smooth integration. The office is expected to expand financing opportunities for local businesses and strengthen Kenya’s status as a regional economic hub.
The move marks a significant milestone for Africa’s economic landscape with the EBRD now serving as a bridge between European investment and East African growth ambitions from its Nairobi base.
