Speaking during the signing ceremony on Thursday, Treasury Cabinet Secretary Henry Rotich says the broad areas to be focused on in the grants will be on food security and disaster management as well as Infrastructure projects.
“The development funds are expected to prioritise expansion of the capital’s public transport infrastructure to fight congestion in the capital, increase food production and improve drought management systems, and support stronger governance,” he said.
Rotich says the fund is for seven years and will be disbursed every year in specific projects that the Treasury is still consulting.
“We have had preliminary discussions and will be having more discussion on the specifics of areas, they could be projects under EDF 10, they could be also new emerging priorities,” he explained.
He hopes to achieve 80 percent adoption of all funding in the country.
“We are reforming our financial management systems and procurement system to become more robust in bid to speed up the absorption of funding,” Rotich stated.
The country is one of 15 African countries – including Somalia, Ethiopia, Tanzania – signing their development pact with the European Union.
According to European Union’s Development Commissioner Anders Piebalgs the total to all of Africa under the 11 EDF is Sh3 trillion.
“At this moment a total of 39 national programs in Africa have been approved for a total value of Sh787 billion and more others are in the pipe line,” Piebalgs said.