UK pledges to fund Nairobi CBD train station project with Ksh 11.9B
UK pledges to fund the Nairobi CBD train station project with Ksh 11.9B in support of a green urban environment
UK pledges to fund the Nairobi CBD train station project with Ksh 11.9B in support of a green urban environment.
The United Kingdom promised to provide Ksh11.9 billion (£80 million) to the ongoing renovation of the Nairobi Central Business District (CBD) train station in order to encourage a green urban environment.
The ground-breaking project started by former president Uhuru Kenyatta will be accelerated using UK Export Finance to lessen the city’s traffic congestion.
The announcement was made in a statement dated Wednesday, December 7, ahead of UK Foreign Secretary James Cleverly’s visit to Kenya.
“We hugely value working with our allies and friends across Africa. Such relationships benefit us all,” Cleverly assured.
Nairobi will be among the top worldwide cities thanks to the Ksh30 billion investment.
Additionally, it will boost safety procedures, provide commuter riders with better service, and shorten the locomotives’ transit time.
In addition, as part of the Ksh1.1 trillion ($9 billion) three-year package already announced, the UK promised to contribute Ksh96.6 billion (£ 650 million) to the African Development Fund (ADF).
In Africa, this will result in the creation of at least 2.3 million new jobs, the improvement of sanitation for over 30 million people, and the availability of power for at least 20 million people.
The Foreign Secretary also emphasized that the UK’s investment platforms were more focused on economic progress than on bankrupting developing nations with debt.
Additionally, the UK will invest Ksh 563.8 million (£ 3.8 million) in the UK PACT program to support new reforestation initiatives in the nation.
Meanwhile, UK Foreign Secretary James Cleverly will congratulate Charlot Magayi, the recipient of the Earth shot Prize 2022, while he is in Kenya at the British High Commission.
He is also expected to fly to Ethiopia on Thursday, December 8.
Notably, this will be his first visit to Sub-Saharan Africa since he became the Foreign Secretary.
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