{
  "id": 8631818,
  "title": "Ruto heads to UNGA with Sh2.2 trillion investment agenda",
  "url": "https://urgent.news/2026/09/20/ruto-heads-to-unga-with-sh2-2-trillion-investment-agenda",
  "topic": "world",
  "section": "World",
  "published": "2026-09-20T06:26:52.000Z",
  "source": {
    "name": "Capital FM Kenya",
    "slug": "capital-fm-kenya",
    "url": "https://capitalfm.africa/ruto-heads-to-unga-with-sh2-2-trillion-investment-agenda/"
  },
  "original_language": "en",
  "account": "Nairobi, Kenya – In preparation for the 81st United Nations General Assembly in New York, President William Ruto is unveiling a major economic agenda, with Kenya aiming to attract billions of shillings in fresh investment, jobs, and technology partnerships. The centerpiece of this push is the proposed Sh2.2 trillion East Africa Refinery in Lamu, which could generate over 60,000 jobs and bolster regional energy security. President Ruto will co-chair investment discussions alongside Nigerian billionaire Aliko Dangote, aimed at advancing the refinery project ahead of its planned groundbreaking in 2026. Beyond the refinery, Kenya seeks to position itself as a hub for Africa's expanding AI economy. President Ruto and Finnish President Alexander Stubb will co-lead the AI Middle Powers Initiative, which seeks to help countries leverage computing resources, data, and talent to develop their own AI capabilities. Kenya is also set to advance the AI 10 Billion Initiative, a continental programme aiming to secure up to $10 billion in investments by 2035. The President will also launch the Africa Resilience Compact, utilizing AI, satellite earth observation, and predictive technologies to enhance preparedness for climate-related shocks. Additionally, Kenya plans to showcase its digital economy, highlighting the scale of transactions through M-Pesa and the expansion of digital financial services. President Ruto's UNGA address will focus on \"Africa-financing-Africa,\" advocating for greater use of domestic savings and assets to finance development across the continent. He will also push for greater African representation in global institutions and promote a proposed National Infrastructure Fund that could mobilize up to $40 billion without adding to public debt. During the summit, Ruto will meet with heads of state, multilateral institutions, and global corporations to expand trade, investment, and diplomatic cooperation.",
  "summary": "NAIROBI, Kenya Sep 20 – Kenya is hoping to unlock billions of shillings in new investment, jobs and technology partnerships as President William Ruto heads to New York for the…",
  "key_points": [
    "President Ruto unveils Sh2.2 trillion investment agenda for Kenya at UNGA.",
    "Proposed East Africa Refinery in Lamu aims to create over 60,000 jobs.",
    "Kenya to lead AI Middle Powers Initiative and Africa Resilience Compact."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}