Kenya bags 680 billion deals to support green industrialization
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.
