By AGGREY MUTAMBOMore by this AuthorKenya is among the eastern Africa countries that will benefit from a new European Union project aimed at expanding internet reach on the continent. The European Investment Bank announced on Tuesday that it was funding a private investment to build infrastructure for internet penetration to the remote villages of Kenya, Rwanda, Uganda, Zambia and the Democratic Republic of Congo. The bank, which is the lending arm of the European Union, said the project will cost about €15.4 million (Sh1.8 billion), part of €495 million financing for Africa projects in transport, clean energy and internet access. NEW VENTURESIn Kenya, about a third of the citizens have internet access so the EU believes the internet can enhance commercial transactions through platforms such as Safaricom's M-Pesa. The forum followed the Africa-Europe Alliance for Sustainable Investment and Jobs that European Commission President Jean-Claude Juncker announced three months ago.

Source: Daily Nation December 19, 2018 11:03 UTC