The UK and Kenya have announced plans to accelerate the implementation of climate projects worth KES 500 billion ($4.1 billion) in Kenya.
The UK government says a sum of KES 425 billion will be spent on a dam on Tana River to support the generation of 1 gigawatt of power and provide water to irrigate 400,000 hectares of farmland. This follows a meeting between Prime Minister Rishi Sunak and Kenya’s President William Ruto at the international climate summit in Egypt.
Other projects include;
- Developing a 32 billion shilling climate-resilient agriculture hub for the Lake Victoria region in Kisumu county.
- Some 7.5 billion shillings will be invested in a Globeleq-backed solar plant along Kenya’s coast. An additional 2.5 billion shillings will go to developing a 35-megawatt geothermal power plant.
- Some 5 billion shillings will support the development of a smart railway city in the capital, Nairobi.
- The UK in partnership with pension fund manager CPF Financial Services will commit 2 billion shillings to launch a new guarantee company, which will mobilize 12 billion shillings of new climate finance for Kenyan infrastructure over the next three years.
Throughout its COP26 Presidency, the UK has worked with partners across Africa to deliver and build on the Glasgow Climate Pact, and to see commitments made at COP26 turned into action.
For example, in Kenya since COP26, KES 753 million has been committed and KES 390 million will be spent to support Kenya’s energy transition, unlocking private sector investment in forest protection and the Kenyan Government’s ambitious 10% forest cover target.