Grants in Kenya: The Government has secured Sh. 49.5 billion from the German government to fund various high impact projects in the country.
The funding will go towards supporting various government initiatives including good governance, devolution, food security and drought resilience programmes, water and irrigation, education, energy, climate change, health, as well as promotion of youth employment and vocational training.
“Following successful negotiations for development cooperation between the Government of Kenya and the Federal Republic of Germany, I am pleased to sign the technical and financial cooperation agreements for 2014, 2015 and 2016, whose negotiations took longer than expected owing to the issues related to tax and applicable laws,” said Treasury Cabinet Secretary Henry Rotich, adding that the total commitments for the agreements is Sh. 36.4 billion (311.5 million Euros) consisting of Sh. 29.2 billion (250 million Euros) as loans, Sh. 3 billion (26 million Euros) as grants for financial cooperation and Sh. 4.1 billion (35.5 million Euros) as grants for technical cooperation.
At the same time, according to Rotich, it was during the same protracted negotiations that the Government managed to secure commitment for an additional Sh. 13 billion (112 million Euros) to fund the same initiatives.
“The funding in the Kenya-German development cooperation for the coming period (2019,2020) amounts to Sh. 7.2 billion (62 million Euros) new commitments consisting of Sh. 4.5 billion (38.9 million Euros) as loans, Sh. 818 million (7million Euros) as grants for financial cooperation and Sh. 1.8 billion (16.1 million Euros) as grants for technical cooperation ,” he said, adding that the funds would be channelled towards supporting technical and vocational training with Sh. 4.1 billion (35.9 million Euros), agriculture with Sh. 2.7 billion (23.1 million Euros) and good governance with Sh. 350 million (3 million Euros).
The other Sh. 5.8 billion (50 million Euros), he said, would be issued as promotional grants for other high impact initiatives.
