UK Invests $4 Billion In Kenya To Support Climate Action

Posted on :Monday , 21st November 2022

The UK government has agreed to invest US$4 billion (KES 500 billion) in Kenya to support the country's efforts to combat climate change.

The UK Prime Minister Rishi Sunak met with Kenyan President William Ruto at COP27, agreeing a five-year investment deal that will see climate finance flow into the African country.

These new, clean and green investments will become flagship proj. . .

The Kenya Port Authority wants to improve Trade with Modern Infrastructure Plans

Posted on :Wednesday , 26th October 2022

The East African regional economies' growth will be sped up by the Japanese International Cooperation Agency's (JICA) commitment to continue helping the Kenya Ports Authority (KPA) upgrade port facilities.  

JICA has been a staunch ally of KPA and provided funding for the development of the second container terminal at the Port of Mombasa, which cost Sh32 billion.

The Nairobi-Mombasa Expressway Project in Kenya, a 525 km four-lane toll road

Posted on :Tuesday , 23rd August 2022

Korean Overseas Infrastructure and Urban Development Corporation Africa has been given the job of building the Nairobi-Mombasa Expressway in Kenya (KIND). Following the withdrawal of US contractor Bechtel Corp from the project, the East African nation selected KIND to build the 473-km road.

The Kenyan government has already received a feasibility report for the project from t. . .

The Nairobi-Nakuru-Mau Crest Highway Project receives approval from the African Development Bank for 150 million USD

Posted on :Friday , 29th July 2022

As part of the First Mover Public-Private Partnership (PPP) initiative, the Board of Directors of the African Construction Bank Group today approved financing of 150 million USD for Kenya to assist a significant highway development project.

The project will include building the A8 and A8 South freeways. The current 175 km of A8 road from Rironi to Mau Peak will be upgraded an. . .

East African countries are involved in a USD 8 billion investment agreement.

Posted on :Thursday , 23rd June 2022

From agreements signed during the 2021 African Investment Forum, East African governments would collectively benefit from investments totaling at least USD 8.77 billion in transportation, healthcare, energy, and agriculture, among other areas.

The African Development Bank (AfDB) organised the three-day conference in collaboration with other financial institutions including th. . .