SIO LAZIMA IJENGWE TANZANIA.Ruto awaruka Watanzania Baada ya kuwaahidi Kiwanda Cha Mafuta Tanga

Añadido: 2026-05-12

[00:00:00]relationship of shared responsibility.

[00:00:03]We too have responsibilities.

[00:00:06]The same way our partners and friends have responsibilities.

[00:00:11]So, we must appropriate our responsibilities.

[00:00:14]We must do our part as everybody else does their part.

[00:00:21]So, congratulations, my good friend uh Macron.

[00:00:25]We will be going to the G7.

[00:00:30]And I will be asking my brother as the leader of the G7 from June this year to help us position this continent appropriately.

[00:00:47]We want two very important things.

[00:00:51]Number one, we want a functioning representative, fair international financial architecture.

[00:01:01]One that recognizes our opportunities. One that does not unfairly judge African economies.

[00:01:12]We want a fair credit rating mechanism that does not disadvantage our economies.

[00:01:21]And we will prosecute our case and do so efficiently.

[00:01:29]Number two, we want to make sure that the global financial architecture respects the voice of 1.4 billion people living in this continent.

[00:01:45]For far too long, for far too long, we were part of others.

[00:01:53]We do not want to be part of others.

[00:01:56]We are a people.

[00:01:58]We are nations.

[00:02:00]And I know that President Macron is going to stand with us.

[00:02:06]I normally tease him, and I normally tell him when he speaks he's the only person in the G7 who speaks the language of Africans.

[00:02:21]>> [applause] >> And Mr. President I say this without fear of any contradiction because I have engaged with you and I know where you stand.

[00:02:34]So, I want to say to all of you, congratulations ladies and gentlemen in this room. Now listen, the business people.

[00:02:42]You guys have a lot of money.

[00:02:46]You know?

[00:02:47]You guys are stranded with a lot of money and we are stranded as uh in government with a lot of projects.

[00:02:55]We must find the mechanism that leverages on private sector resources on pension funds and on money that's available in our insurance companies to drive programs and projects of transformation in our continent. We have huge resources. I want you to listen to me.

[00:03:18]We have huge resources in our pensions running into trillions.

[00:03:23]We have huge resources with our insurance companies running into trillions, but they fear to invest in public projects because they think it is risky.

[00:03:37]Now listen to me.

[00:03:39]We are developing a mechanism together with the African Development Bank, Afreximbank, Trade and Development Bank, Africa Finance Corporation, AfDB, and I remember discussing this with President Macron yesterday so that we can have a mechanism that will de-risk our public projects and enable you private sector, pension funds, and insurance companies to invest in public projects.

[00:04:09]That is how we are going to grow this continent.

[00:04:13]Continuing to depend on the resources of others and expecting that they will make them available at concessional rates will be a waiting game in vain.

[00:04:27]So, we need to think.

[00:04:30]That is why in Kenya we have already established the national infrastructure fund.

[00:04:37]We already have the first $1 billion in it.

[00:04:41]in the national infrastructure fund.

[00:04:44]And this is a fund that we established 4 months ago.

[00:04:48]In another 2 months, maybe a month or 2, we will have another $2 billion in and we want to leverage the $3 billion that we are going to put in that fund to raise $30 billion in to run our infrastructure programs.

[00:05:06]That is how transformation is going to be undertaken in this continent.

[00:05:11]You know, we we're not going to be waiting for resources from from others.

[00:05:17]And finally, let me say this.

[00:05:22]As we work with the private sector we want the private sector to develop confidence. We now have an opportunity and I want to talk to the private sector by private sector people who are sitting here. I hope um my good friend Aliko Dangote is in the room.

[00:05:40]Oh, right there.

[00:05:42]We have an infrastructure project for the development of an East African refinery.

[00:05:51]Dangote tells me that is going to cost anywhere between $16 billion and $20 billion. That That East African facility, East African refinery facility is an investment that the government of Kenya, the government of Uganda, the government of Tanzania, we have agreed that we want to develop a facility that is going to um assist us with our fuel products.

[00:06:28]We do not want to be held hostage anymore by the Strait of Hormuz.

[00:06:34]We do not want to be held hostage by wars that are started by other people.

[00:06:40]We have our own resources here.

[00:06:42]And we are saying we are going to use our African resources to industrialize our region.

[00:06:53]And that is why we have asked Aliko Dangote here to do a research. We have the Port of Tanga, we have the Port of Mombasa, we have the Port of Lamu, and the rest in between.

[00:07:05]Wherever they will find the most suitable location from our perspective, because the crude pipeline was going to Tanga, we thought that is the best location. But we will not dictate to Aliko Dangote and the investors.

[00:07:22]But I want to also tell Aliko and all the other guys, you are not going to invest alone.

[00:07:29]Governments are also going to invest. So that when you make the money, we also make the money.

[00:07:35]Right?

[00:07:36]And we are going to invest so that we can de-risk that investment. I am going to use resources from my national infrastructure fund to invest in the refinery so that we can share in the profits that come and we can assist our private sector to de-risk the investments they are going to put in these projects and make those projects viable and make them cost-effective.

[00:08:03]Let me give you another opportunity.

[00:08:05]We are building a new airport in Nairobi. It's going to cost us between about around 1.5 billion dollars.

[00:08:13]There is an opportunity for investment.

[00:08:15]Are there any business people in this room?

[00:08:18]Or or these are tourists?

[00:08:22]They are right here. Yes. I can see them here.

[00:08:25]So, there is an opportunity for you to invest with us. Government of Kenya is going to put in 20% bring the rest of the money, let's build the airport and everybody makes money, right?

[00:08:35]So, this is how we want to take things forward. That is how we are going to build public infrastructure. That is how we are going to use private public partnership to drive African transformation.

[00:08:48]And that is what we are going to do going forward.

[00:08:50]Let me conclude this by saying that um we need to mobilize domestic resources.

[00:09:04]I will give you an example.

[00:09:06]We have mobilized in the last 3 years 4 billion dollars and built a whole housing ecosystem without borrowing a cent from any bank not from the World Bank not from IMF not from anybody.

[00:09:30]There is opportunity for us to mobilize domestic resources. And we want to work with the private sector to see how we can do that in a way that benefits everybody.

[00:09:45]I run the risk of uh doing a lecture because I'm at the Nairobi University where uh I I I I spend all my time uh reading.