Kenya to get Sh11bn as Eurobond, Gachagua says
Business
By
Winfrey Owino
| Oct 26, 2023
The European Union (EU) has given Kenya a grant of 72 million Euros, which is about Sh11.4billion.
The bond issuance was announced on Tuesday, September 24, under the Neighbourhood, Development and International Cooperation Instrument.
According to Deputy President Rigathi Gachagua, the money will fund priority areas in Green transition for environmental sustainability and resilience, human development and digital inclusion (Leave No One Behind), and democratic governance, peace and security.
The agreement was signed by Deputy President, Rigathi Gachagua and the EU Commissioner for International Partnership, Jutta Urpilainen on the sidelines of the Global Gateway Forum 2023 in Brussels, Belgium.
Gachagua who is representing President William Ruto at the Summit welcomed the grant, saying it underscored a strong shared vision for a partnership
READ MORE
Why is Finance Bill 2024 so contentious?
High prices slash petroleum import bill
850,000 new jobs created last year signal economy is on the mend
Edible oil manufacturers oppose 25 per cent excise duty
Ruto visit: Inside fresh US plans to undercut Chinese influence in Kenya
HR firm launches mobile App for employers to monitor employee performance
Key highlights of Finance Bill 2024
CA seeks to foster innovation through regulatory sandbox
Kebs targets grain millers as aflatoxin compliance levels decline
Lobby presses for higher budgetary allocation to agriculture
"That is best for our people and a future where our nation transitions into a green economy and environmental sustainability."
"Kenya and the European Union continue to flourish, bringing about positive change and shared prosperity,".
During an address to Kenyans in Europe, the DP said the safest way to invest money in Kenya was through government bonds.
- High prices slash petroleum import bill
- 850,000 new jobs created last year signal economy is on the mend