Kenya bags Ksh.680 billion at COP28 in Dubai
President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan (R) meeting with President of Kenya William Ruto on the sidelines of the COP28 climate talks in Dubai on December 3, 2023. | PHOTO: PCS
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A
series of meetings on investments in climate change partnerships for Africa
culminated in Kenya striking 4.5 billion US dollars, the equivalent of Ksh.680
billion, deals to support green industrialisation in the country.
President
William Ruto led African heads of state at the Africa Green Industrialization Initiative,
which aims to accelerate and scale green industries and businesses across Africa.
Out
of the 1.5 billion dollars, an equivalent of Ksh.225 billion will be used to
finance green fertilizer projects, Ksh.90 billion to set up a data centre in partnership
with KenGen and Konza City, Ksh. 150 billion will be invested in a 300
megawatts geothermal project at Suswa.
Investments
that are set to accelerate such projects are already happening.
Such projects include Ndeda shores in Siaya County. Citizen TV travelled for an hour by boat to arrive at this island:
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