Ksh 682 Billion for Green DevelopmentDuring the COP28 summit, the government announced the securing of Ksh 682 Billion ($4.48 Billion) for the Green Africa Industrialization Initiative (AGII). This substantial funding, in collaboration with Fortescue, aimed to boost Kenya's energy productivity through a green development project, particularly focusing on green ammonia. Ksh 688 Billion Deals in ChinaPresident Ruto's visit to China resulted in several multi-billion deals with Chinese-based companies. Chinese President Xi Jinping Photo China DailyZhende Medical, another Chinese company, committed Ksh 18.7 billion ($125 million) to Tatu City. Ksh 63 Billion Kenya-China DealIn a separate venture during his visit to China in October, President Ruto signed deals worth Ksh 63 billion covering the tech, health, and engineering sectors.

Source: Daily Nation December 27, 2023 05:30 UTC