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UK Funding for Kenyan Solar
Tuesday May 7, 2019  Printer Friendly Email this article


The UK has supplied £52 million in funding for a solar power plant, creating up to 250 jobs in Kenya. In addition to the £52 million, £11 million was invested by UK business De La Rue to produce high-tech identity cards, tax stamps and currency; as well as a £1.4 million package of support for creative industries in Kenya and Nigeria

The Foreign Secretary Jeremy Hunt welcomed over £64 million of funding for Kenyan businesses.

He welcomed the announcement that £52 million of UK investment has been raised for a solar power plant, with construction expected to start soon and power to come online in 2020. This innovative project, run by British-headquartered power company, Globeleq, and funded by CDC, the UK’s development finance institution, will bring clean power to the Malindi region in South East Kenya. This is set to transform the local economy, with up to 250 direct jobs being created and a further 5,600 jobs in the wider economy supported thanks to the availability of power.

Foreign Secretary Hunt said, "I have seen for myself the incredible opportunities opening up between the UK and Kenya and the close partnership which already exists between our countries. It is great to see British investment creating jobs, prosperity and growth in Kenya and across the continent."



 
   
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