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    Kenya Receives Ksh 15 Billion Grant from Denmark

    The Kenyan
    By The Kenyan Wall Street
    - December 22, 2015
    - December 22, 2015
    Kenya Business news

    Denmark has given Kenya 15 billion grant to improve governance structures, health and environment.

    Environmental conservation and related investments for job creation will take the lion share of the funds at Sh7.5 billion.

    Primary healthcare and maternal health will get Sh4 billion to be sunk into expanding and equipping existing health facilities and building new ones.

    Governance reforms received Sh3.5 billion for ensuring governance institutions meet the constitutional threshold.

    Treasury Cabinet secretary, Henry Rotich, said the donation in support of the projects will change the lives of many Kenyans.

    Rotich said the grant will also help in in enhancing integrity in financial institutions and seal loopholes for financial improprieties and improve service delivery in both levels of governments.

    “County governments will be able to execute their budgets in an automated framework,” Rotich said at a joint press conference with Danish foreign minister, Kristian Jensen held at the Treasury.

    The Danish minister noted that the country offers better opportunity to companies as a potential market for East Africa and pledged to support development.

    “We both bring development to the country but also bring a possibility of opportunity to companies seeking trade partnerships in Kenya,” said Jensen.

    Jensen lauded the government’s commitment in the implementation of Integrated Financial Information System.

    IFMIS is a financial management system used by governments worldwide to prevent financial misappropriation and looting by enabling tracking the expenditure on procurement at all stages.

    The programme builds on experiences from tried and tested methods, emerging challenges and the opportunities for democratic and economic reform.

    The launching of the programme is set to commence on January 2016.

    The Kenyan Wall Street

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