Kevin's post

President William Ruto bags billions in dollars to go towards green manufacturing and industrialization. bags over Kenya Shillings 600 Billion ( $4.4b) at the COP 28. The money goes to investment in green manufacturing deals. The deals were sealed during the launch of the Africa Green Industrialisation Initiative (AGII), presided over by President Ruto in collaboration with the COP28 Presidency (UAE) and other African states. Deals announced: MAJOR WINS... 1. Green Fertilizer (USD 1.5B): over Shs: 200b Fortescue and Kenya collaborate for a green ammonia project, boosting energy security and cutting reliance on imports. 2. Data Centre at Olkaria (USD 600M): over Shs. 70b KenGen, Konza, and US investors plan a 200MW data center using geothermal energy. 3. Suswa Geothermal (USD 1B, 300MW): Shs. 150b Kenya partners with Indonesia and Masdar for a 300MW geothermal project. 4. Menengai Geothermal (USD 110M, 35MW): Globeleq develops a 35MW geothermal project in Menengai, ensuring secure investments. 5. Paka Geothermal (USD 800M, 200MW): GDC and AMEA Power collaborate on an USD 800 million Paka Geothermal project. 6. Clean Energy Supply Chain (CESC) (USD 200M): US, Brazil, India, and Kenya launch CESC for clean energy supply chain expansion, with a USD 568 million loan for developing countries. 7. Sustainable Agriculture (USD 270M): United Green and Kenya Development Corporation partner for a 15,000-hectare sustainable agriculture project. Wins of a focused Green Diplomacy Strategy.

  • CHRIS NGATIA

    18 w

    Hope this funds will be well utilised

    2
    • Rashid Kamau

      19 w

      Hoping to experience climate action with the aid of these funds.

      3
      • Munene Mugambi

        19 w

        Waiting to see these funds well utilised in the country

        4
        • winnie nguru

          19 w

          Kudos our President

          1
          • Rotich Kim

            19 w

            Brilliant idea Mr president but you need to consider and develop properly way of raising resources as Kenya citizens are facing economical crisis

            7
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