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Germany, Kenya to ink mega deals

NEWS
By Standard Reporter | July 10th 2014

Treasury Cabinet Secretary Henry Rotich is expected to sign agreements on two development projects in the energy and water sector with Germany.

A 25 million Euro loan by the German Development Bank (KfW) to the Nairobi Water Distribution Project will provide water supply to under-served areas.

Germany will also support Nairobi Water and Sewerage Company with 2.3 million Euros. Germany through the Development Bank KfW will finance the drilling of 20 wells for the Bogoria-Silali geothermal electricity project at a cost of 80 million Euros to increase electricity.

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