Germany set to extend a Ksh28.5 billion loan to Kenya

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President Uhuru Kenyatta with the new Ambassador of the Republic of Germany Mrs. Jutta Gisela Frasch at State House, Nairobi.
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bBy Judith Akolo

Germany is set to give Kenya 250Million Euro credit facility to facilitate investments in renewable energy, water and sanitation.

Germany Ambassador Jutta Fasch who spoke during the celebrations to mark the 26th Day of Germany Unification, said the funds will also be used to enhance developments in the health and vocational training for the youth.

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The quest for investment in renewable energy has seen Germany begin to appreciate Kenya’s efforts in dealing with the challenges of climate change on account of unbridled usage of fossil fuels and biomass that often compromises efforts to stem climate change.

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As a measure towards realizing the Sustainable Development Goals (SDGs), the country has embarked on investment in agriculture and social development sectors of water and health in order to enhance livelihoods.

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Water Principal Secretary Prof. Fred Sergon said provision of portable water and investment in the water sector is among the key areas the government is giving priority.

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They were speaking at the commemoration of the German Unification Day that marked the collapse of the Berlin wall and the unification of West and East Germany into Germany Federal Republic.

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