UK Pumps Ksh20 Billion Into Uhuru's Project

UK Foreign Secretary Dominic Raab will announce a Ksh5.2 billion of UK Aid that will be matched by Ksh3.5 billion of private investment to finance 10,000 green affordable homes for Kenyans.

UK Pumps Ksh20 Billion Into Uhuru's Project

President Uhuru Kenyatta begun his three-day visit to London, United Kingdom by securing a Ksh20 billion government and private investment into his Big Four Agenda projects, including affordable housing and manufacturing.

Speaking at Mansion House in the City of London on Tuesday, July 27, UK Foreign Secretary Dominic Raab will announce a Ksh5.2 billion of UK Aid that will be matched by Ksh3.5 billion of private investment to finance 10,000 green affordable homes for Kenyans. 

These quality homes will be energy and water efficient properties for low and middle-income families, and will contribute to Kenya’s goal of building 500,000 new affordable homes before Uhuru leaves office in 2022.

President Uhuru Kenyatta at Mansion House in the City of London, United Kingdom on July 27, 2021. /PSCU

The investment will go directly into projects, and is a combination of UK government aid and privately raised funds. 

On a tight first day, the President’s visit to the UK focused heavily on trade, business and climate change. 

The President will also meet COP26 President Alok Sharma at the historic Kew Gardens to celebrate progress on the Kenya-UK Year of Climate Action.

The UK announced Ksh550 million of new UK funding to accelerate Kenya’s climate transition, including projects supporting renewable energy, clean cooling, and forest restoration - including Kaptagat Forest. 

Also in the pipeline on London’s historic financial district will be: 

  1. The launch of the Nairobi International Financial Centre, in partnership with the City of London, a partnership will deepen links between Kenya and London, the world’s leading financial centre – cementing Nairobi’s status as a financial hub. 
  2. Ksh67 million of new UK funding for policy advice and technical assistance to support the development of green manufacturing in Kenya, including the manufacturing of electric vehicles. This builds on the UK’s Manufacturing Africa programme, which has already supported Ksh4.2 billion of new manufacturing investment into Kenya. 
  3. The completion of the Ksh33 billion Kipeto Wind Farm, backed by the UK’s Actis in partnership with the US Government. 

“This £132 million package of new UK-Kenya deals from the UK government and British firms will support investment in the region, including building new green affordable homes, connecting households to clean energy, and boosting manufacturing. 

“This package of investments will create new jobs and unlock new opportunities for UK and Kenyan businesses by strengthening the relationship between Nairobi and the City of London," said Secretary Raab. 

Uhuru will be in London for three days where he and UK Prime Minister Boris Johnson will chair the Global Education Summit which aims to raise $5 billion (Ksh500 billion) to educate children worldwide for the next five years.  

Prime Minister Johnson will host the President at Chequers, his country residence in Buckinghamshire, for bilateral talks, before the two host the official welcome reception for the Global Education Summit, which will focus on Kenya-UK health partnerships through COVID-19, as well as on cancer prevention and treatment. 

Uhuru will also be expected to attend an event at West London’s Kew Gardens, to celebrate the Kenya-UK Year of Climate Action, and Kenya’s leadership on climate change in Africa ahead of the COP26.

The President and his delegates all took a mandatory PCR COVID-19 test before arriving into the British nation.

President Uhuru Kenyatta at Mansion House in the City of London, United Kingdom on July 27, 2021. /PSCU