What you need to know:
- The UK has announced Sh20 billion of the new private and government investment into the Big Four Projects. The Big Four Projects include affordable housing and manufacturing.
- The president also met and interacted with Kenyan and African researchers who exhibited environmental change moderation and transformation projects they are carrying out on the continent.
- The UK has announced Sh20 billion of the new private and government investment into the Big Four Projects. The Big Four Projects include affordable housing and manufacturing.This comes after President Uhuru Kenyatta began his 3-day state visit to London.UK Foreign Secretary Dominic Raab announced Sh5.5 Billion of UK Aid to be matched by Sh3.5 Billion of private investment to finance 10,000 green affordable homes for Kenyan citizens.
“This package of investments will create new jobs and unlock new opportunities for the UK and Kenyan businesses by strengthening the relationship between Nairobi and the City of London,” said Raab.
The homes are intended to be water and energy-efficient properties to accommodate low and middle-income families.
These homes will be part of Kenya’s goal to build 500,000 new and affordable homes by 2022.
Raab was speaking at the Mansion House in the City of London, where Uhuru attended an investment forum and witnessed the signing of 2 MoUs to enhance investor commitment between Kenya and the UK.
- Source: Swala Nyeti
