Kenya signs Sh519b agreement with EU in support of Big Four Agenda

November 12, 2018
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This is the second phase of the cooperation project opting all members of the EU compared to the first one that attracted 10 EU member states.

, NAIROBI, Kenya, Nov 12- Kenya has signed a Sh519 billion (4.5 billion Euros) agreement with the European Union that will go towards supporting the Big Four Agenda from 2018 – 2022. 

National Treasury Cabinet Secretary Henry Rotich said the support is in the form of concessional loans and grants with 19 EU states participating in this second phase of the joint co-operation strategy.

“EU has been a big development partner to Kenya and I want to assure that the support which will be in grants will be well used towards the realization of our government’s Big Four Agenda,” he said.

Rotich added that the facility will also boost accountability and governance pillars, support sustainable infrastructure, job creation and build resilience against external weather factors.

“The support will be distributed to different ministries and sectors such us Devolution Ministry to ensure county government deliver their services effectively,” Rotich added.

The European Union Ambassador to Kenya Stefano Dejak assured that the EU will continue working together with Kenyan government and support development projects.

This is the second phase of the cooperation project after the first one which was initiated from 2014 to 2018 and attracted 10 EU member states.

This comes one week after The United Kingdom launched a Sh8 billion Sustainable Urban Economic Development Program that seeks to support growing urban centers in the country.

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