Indian Prime Minister Narendra Modi announced a $250 million Line of Credit (LoC) to Kenya for the modernization of its agriculture sector. The announcement came following extensive discussions with Kenyan President William Samoei Ruto, who is on a three-day visit to India aimed at enhancing overall relations between the two nations.
In its foreign policy, India has always given high priority to Africa and has expanded its overall ties with the continent on a mission mode in the last nearly one decade, Modi said in his media statement after the talks.
During the talks, both leaders acknowledged terrorism as the most serious challenge facing humanity and pledged to intensify counter-terrorism cooperation. The economic collaboration between India and Kenya was also a focal point, with the assurance from Prime Minister Modi that both nations would explore new opportunities to fully realize their economic potential.
“I am confident that President Ruto’s visit to India will not only strengthen bilateral ties but will give a new momentum to our engagement with Africa,” stated Prime Minister Modi in a media statement following the discussions.