South Korea Says It Will Support Kenya Development Agenda
The government of South Korea has agreed to support Kenya's development programmes by committing Ksh120 billion ($1 billion) to various projects.
The funds will be used for Agriculture, ICT, Health, Energy, Infrastructure, Education, affordable housing, and urban transport.
President William Ruto and his South Korean counterpart Yoon Suk Yeol witnessed the signing of the agreement at Yongsan Presidential Office, Seoul, South Korea.
President Ruto said the agreement will stimulate economic development through manufacturing, agro-processing, and value addition.
The deal includes the development of special economic zones (SEZs) in Dongo Kundu, Lamu, Naivasha, Athi River, and Sagana and the construction of dams.
Kenya will also work with South Korea to develop manufacturing plants in the Konza.
Technopolis an export promotion zone dedicated to pharmaceutical manufacturing, vaccine production, and value addition in agriculture.
"We are committed to implementing strategies to increase farm productivity and seek your government's support for agricultural mechanization as well as cooperation in research and technological innovation," he added.
The two Heads of State also agreed to partner in green energy, security, and the development of the Nairobi Intelligent Transport System and Bus Rapid Transit network to decongest the city.
President Yeol said South Korea's government will help Kenya manage the effects of drought.©Standard Gazette, 2021. Unauthorized use and/or duplication of this material without express and written permission from this site’s publisher is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Standard Gazette with appropriate and specific direction to the original content.