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Kenya's electric mobility sector is among the beneficiaries of President William Ruto's visit to the United States, with local firms bagging billions of shillings in cheap loans that is expected to increase adoption of electric vehicles in the country.
The US International Development Finance Corporation (DFC) announced a more than $250 million (Sh32.5 billion) new financing package for Kenya during President Ruto's visit to the US, that includes investments to advance e-mobility in the country. The money also includes commitments to affordable student housing, digital connectivity and renewable energy.
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