The United Kingdom has announced £132 million investment and private investment into Big Four Project in Kenya, including affordable housing and manufacturing. This will help to channel international investment into Kenya and the wider region, making sure firms and investors are able to make the most of trade and investment opportunities. The Foreign Secretary Dominic Raab today (27 July) welcomed Kenyan President Uhuru Kenyatta to Mansion House in London to announce the latest development. He also launched the Nairobi International Financial Centre, and its formal partnership with the City of London. This comes as President Uhuru Kenyatta begins his three-day tour of London, which will culminate in him co-chairing the Global Education Summit with Prime Minister Boris Johnson on Friday.
Speaking at Mansion House in London, UK Foreign Secretary Dominic Raab announced a Sh5.2 billion of UK Aid is to be matched by Sh3.5 billion of private investment to finance 10,000 green affordable homes for Kenyans.
"This Sh20 billion package of new UK-Kenya deals from the UK government and British firms will support investment in the region, including building new green affordable homes, connecting households to clean energy, and boosting manufacturing, Mr Raab said.
He added: "This package of investments will create new jobs and unlock new opportunities for UK and Kenyan businesses by strengthening the relationship between Nairobi and the City of London."
The quality homes for low and middle-income families will be energy and water efficient and will contribute to Kenya's goal of building 500,000 new affordable homes by 2022.
This package of investments will make available new jobs and unlock new opportunities for UK and Kenyan businesses by strengthening the relationship between Nairobi and the City of London.