The UK is set to invest Sh20 billion into President Uhuru’s Big Four projects, including manufacturing and affordable housing.
The new government and private investment were announced by UK Foreign Secretary Dominic Raab on Tuesday as President Kenyatta began his three-day visit to London.
Raab, who spoke during a business forum at Mansion House in London, said Sh5.2 billion of UK aid will be matched by Sh3.5 billion of private investment to fund the construction of 10,000 green affordable homes for Kenyans.
The homes will have energy and water-efficient properties for low and middle-income families and will contribute to Kenya’s objective of building 500,000 new low-cost houses.
The investment is a combination of UK government aid and privately raised funds and will go directly into projects.
On the first day of his trip, Kenyatta mainly focused on trade, business, and climate change. Speaking at the business forum, Uhuru invited UK investors to tap into emerging business opportunities in Kenya, saying the country remains one of the most attractive investment destinations on the continent.
Kenyatta showcased 10 investment opportunities worth more than $5 billion that are immediately available under the public-private partnership (PPP) framework.
They include Nairobi Smart Street Lights Project, Nairobi Bus Rapid Transport System, Intelligent Traffic Management System Project, and Galana Kulalu Food Security Project.
Others are Lamu Fishing Port Project, Moi Teaching and Referral Hospital Training Complex Project, Mombasa Industrial Park, Meru Cancer Centre Project, Kenyatta National Hospital Project, and Lamu Port Project.
Who is left in-charge when…
Who is left in-charge when Uhuru is busy oversees borrowing? To the benefit of the nation, Arap Mashamba who would otherwise be in the treasury stealing the little bit left is now payukaring and Tangatangaring giving some rusty wheelbarrows while awaiting elections one year away. He will lose big time.
All sound good…..but, Is…
All sound good…..but, Is this a loan or a grant? Wololoyaye…
Why? Britain should invest…
Why? Britain should invest in Europe where there are serious floods,unemployment and homelessness issues are rampant.
Kenya is God’s country and will eventually solve it own problems in a Godly way.
Let us keep watching this spacr as the restoration of our people takes place from colonialism and slavery!!
I would think each country…
I would think each country in the world is a God’s country.He created them all.
Anyways, how come the country you call God’s country does not fair economically well compared to countries that are offering to invest in Kenya? Is this according to your God’s plan?
At Maxiley, black nations…
At Maxiley, black nations have been economically oppressed because we offended our God by praying to idols and foreign gods. We are slowly moving away from that and all will be peaceful. No argument, lets watch and patiently wait.
Change is on the horizon!!
Another shs 20b.loan/baggage…
Another shs 20b.loan/baggage/load for hungry billionaire Kenyans to repay.Already ten counties are facing hunger while Uhuru & Co.elite gangsters are busy sharing the shs 20b.Uhuru will now start another fund to fight hunger which will also be looted by the elite thugs.The metrological dept forecasted about the draught in January but Uhuru did nothing to avert the hunger.
As much as we want Kenya to…
As much as we want Kenya to be developed, common sense dictates that roughly 80% of these will end up being stolen.
Let’s agree on on thing.
THE WESTERN WORLD PROTECTS AND PROMOTES DICTATORS AS LONG AS THEIR INTERESTS ARE WELL PROTECTED. UNTIL THE MASSES RAISE HELL AND THE WEST COMES IN AS SAVIORS,THEN THE MASSES START PRAISING THE WEST.
20 BILLION KSH IS PEANUTS COMPARED TO HOW MUCH THEY REAPED DURING COLONIAL TIMES.
BUT JUST LIKE JOMO KENYATTA STOLE THE MONEY THAT WAS FOR THE FREEDOM FIGHTERS, UHURU KENYATTA HAS AND WILL CONTINUE THE TREND.
The WORLD UNITY we are…
The WORLD UNITY we are looking for to TRANSFORM the World to a better place to be!
“ 20 Billion from the UK…
“ 20 Billion from the UK government cannot be accounted for”, says Auditor General
Coming to a newspaper near you.
The article title is…
The article title is incorrect. It should say “UK to Pump Sh20 Billion into Uhuru’s Big Pockets.” Half in his pockets and rest amongst his friends
When will this guy ever stop…
When will this guy ever stop. This isi tooooo much
The Kenyan Government should…
The Kenyan Government should first borrow money from its very rich Kenyan billionaires before flying out of the country to borrow money with so many invisible strings attached.