• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Saturday, March 25, 2023
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Technology
    • Startups
  • Money Matters
  • Podcast
  • Videos
  • Digital Assets
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Technology
    • Startups
  • Money Matters
  • Podcast
  • Videos
  • Digital Assets
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

UK Gives KSh 4.7 Billion Grant to Kenya’s Green Projects

Jackson OkothbyJackson Okoth
February 10, 2022
in Kenyan News
Reading Time: 2 mins read
uk grant pic

The United Kingdom(UK) has given Kenya a grant of KSh 4.7 Billion($ 41.3 Million)to fund the East African Country’s Solar and Reforestation projects.

The donation includes a $34.3 million funding for the Kesses Solar Project, a 55-megawatt peak clean energy project in Eldoret, Uasin Gishu County.

Another $7 million from the donation will fund private projects focused on restoring degraded and deforested land in the country.

ADVERTISEMENT

Kenya had ealier in January 2022 received a donation of $1.36 million from the UK to mitigate the effects of extreme drought and floods.

UK hopes to assist Kenya’s efforts to reverse forest loss and land degradation, and achieve full transition to renewable energy by 2030 as pledged in COP26 last year.

The donation was made in partnership with UK-backed Emerging Africa Infrastructure Fund (EAIF), World Wide Fund for Nature (WWF), and the Eliud Kipchoge Foundation, during an event to launch a $660,000 reforestation project of Kaptagat Forest in Elgeyo Marakwet County.

The Kesses Solar project is expected to improve access to energy for thousands of people and create over 400 jobs.

“This [Greening Kaptagat] project and the investment in the Kesses Solar Project will help Kenya achieve its vision of 10 percent tree cover by 2030, and provide new green jobs for local people,” said Mike Foster, head of mutual prosperity and climate change at the British High Commission in Nairobi.

With this funding, more than a thousand people living in the Kaptagat forest landscape will benefit from the interventions which aim at mitigating unsustainable agricultural practices, illegal logging, overgrazing, forest encroachment, and charcoal production, the British High Commission said in a statement.

The funding will supplement the government’s efforts to increase Kenya’s forest cover from the current 6.9 percent to the constitutional threshold of 10 percent by the end of this year.

Deforestation has been a major problem in Kenya, with the Global Forest Watch estimating that the country has lost its tree cover by over 11 percent since 2000, bringing down total tree cover to about 29,200 square kilometers.

ALSO READ: Kenya in Partnership with UK to Build the Nairobi Railway City


Previous Post

Qwetu Students Residences Partners with University of Nairobi for a 2,800 bed Student Residence

Next Post

The Best 3 Ways To Manage Money in Marriage

Related Posts

President William Ruto rings the bell to officially launch the enhanced Nairobi Securities Exchange Market Place on 11th Oct 2023

Kenya’s new Privatization Bill set to ease sale of state-owned corporations

March 22, 2023
Somalia

Somalia to Qualify for Full Debt Relief by the End of 2023-IMF

March 21, 2023

Kenya to Receive KES 130 Million from AfDB’s Electric Vehicle Fund

March 21, 2023

Ukraine Donates 30,000 Tonnes Of Wheat to Kenya

March 21, 2023

Diaspora Remittances Fall by 11.5% to $ 309.2 Million in February

March 20, 2023

CBK Approves 62.5% Acquisition of First Community Bank by Premier Bank LTD, Somalia

March 20, 2023

Kenya and US to Hold In-Person Trade Talks in April 2023

March 18, 2023

Dividend Aristocrats In Focus: Johnson & Johnson

March 17, 2023
Load More
Next Post

The Best 3 Ways To Manage Money in Marriage

Follow Us

  • 166.2k Followers
  • 3.6k Subscribers
  • 1.2k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

There are no upcoming events.

View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In