- Kenya and the UK to fast-track six Sh500 billion green investment.
- The pact was sealed at the COP27 climate summit taking place in Egypt.
President William Ruto and the United Kingdom (UK) Prime Ministry Rishi Sunak have agreed to fast-track six Sh500 billion green investment projects on green energy, agriculture and transport.
The pact was sealed on the sidelines of the COP27 climate summit on Monday taking place in Egypt.
These new, clean and green investments will become flagship projects of the UK-Kenya Strategic Partnership – an ambitious five-year agreement that is unlocking mutual benefits for the UK and Kenya.
The projects include new geothermal and solar energy generation at Menegai and Malindi; a Sh425 billion Public Private Partnership to deliver the Grand High Falls Dam, which will generate a gigawatt of renewable power and provide an area over twice the size of the Maasai Mara with drought-combating irrigation solutions; the green regeneration of central Nairobi anchored around a new central rail station; and a Sh32 billion investment in a climate-resilient agriculture hub for the Lake Victoria region in Kisumu that will create 2,000 direct jobs and provide an income for 20,000 farmers.