Kenya gets Sh16b from Spain

June 9, 2009
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, NAIROBI, Kenya, June 9 – The government has received Sh16.3 billion in bilateral support from the government of Spain.

Sh15.3 billion will be extended to the country as a concessional loan while the remaining Sh1 billion will be in the form of a grant.

“We have agreed that the government of Spain channel the first tranche of the money to support water, renewable energy, electricity, transport infrastructure, information technologies and solid waste management,” Finance Minister Uhuru Kenyatta said.

Mr Kenyatta pointed out that the above mentioned sectors are key to achieving Vision 2030.

“The expected increase in demand for energy for both industrial and household consumption makes it necessary for the government to look for alternative sources of energy to ensure electric power supply keeps pace with demand growth,” Mr Kenyatta noted.

Meanwhile the government is hoping to seek more support from Spain on the issue of solid waste management which the Minister noted is a huge challenge for most cities in the country.

“We would like to see this menace converted into a useful resource such as biogas to produce electricity,” he said.
 
Secretary General for Trade Alfredo Bonet Baiget represented Spain in the signing ceremony at Treasury.

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