In a move to bolster environmentally friendly projects in Africa, the United Kingdom is set to invest Sh.1 billion ($7.1 million) in two key initiatives in Kenya.
The British High Commission in Nairobi revealed on Tuesday that the British International Investment will announce a Sh.321 million ($2.1 million) investment to introduce solar-powered and water-efficient irrigation systems benefiting 9,000 farmers in Kenya.
This investment aims to not only enhance farmers’ income but also fortify their ability to withstand the impacts of climate change.
The statement highlighted a groundbreaking carbon credit facility, reducing the upfront cost of irrigation systems by 25-40%, making them more accessible to farmers.
Simultaneously, Sh.765 million ($5 million) will be directed towards the production of 100 electric buses in Kenya, catering to the growing demand for affordable and eco-friendly public transport.
These electric buses are expected to prevent 5,000 tonnes of CO2 emissions annually, replacing traditional diesel-powered vehicles.
The UK has further extended support for President William Ruto’s Africa Green Industrialisation Initiative (AGII).
The Menengai Geothermal project, a Sh.12.5 billion venture anticipated to generate 35MW of electricity, is progressing toward financial closure.
This project is set to provide affordable, clean energy to around 750,000 Kenyans and generate 200 jobs during construction.
Additionally, a Sh.31 billion agreement has been reached with the Kenyan Development Corporation and UK-funded investor United Green to establish a climate-smart farming area larger than Nairobi National Park.
The initiative is projected to save Kenya $200 million annually on food imports and contribute to reducing the country’s trade deficit.
British High Commissioner to Kenya, Neil Wigan, emphasized that these investments underscore the strength of the UK-Kenya Strategic Partnership.
He noted, “The UK and Kenya will deliver what Kenya’s people want – growth, jobs, and trade – in a way that is sustainable and protects our planet.”
These developments are part of six agreements forged between President Ruto and UK Prime Minister Rishi Sunak during the COP27 climate summit in Egypt last year, totaling over Sh.500 billion of investment.
The UK-Kenya Strategic Partnership, a five-year agreement, aims to unlock mutual benefits without imposing unsustainable debt on Kenya.
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