UK to give £650m for projects in developing African countries - News Summed Up

UK to give £650m for projects in developing African countries


By MARY WAMBUI More by this AuthorThe United Kingdom will contribute £650 million to the African Development Fund (ADF) towards high impact and low-cost finance projects in developing nations in Africa. Similarly, United Kingdom Foreign Secretary James Cleverly will Wednesday break ground on the Railway City regeneration project in Nairobi, a high-tech green development designed by British architects and supported by UK Export Finance. Green urban environmentThe Kings Cross London-style development, backed by £80 million of UK Export Finance, will regenerate Nairobi’s bustling central business district as a green urban environment of the future. AdvertisementThe foreign secretary, who is on his first visit to sub-Saharan Africa since ascending to the position in September, has pledged to build “mutually beneficial partnerships of the future”. Mr Cleverly is also expected to announce a £3.8 million UK investment support to new reforestation projects in Kenya through the UK PACT programme.


Source: Daily Nation December 07, 2022 11:48 UTC



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