Browsing: kenyan government

Kenya's Trade CS Betty Maina during the opening of the Kenya-Gulf Cooperation Council (GCC) states business forum in Dubai. This is on the first day of President Uhuru Kenyatta's working visit to the United Arab Emirates (UAE). www.theexchange.africa

Kenya: Dubai investors’ red carpet welcome after President’s Directive

Kenya

The President said enhancing trade between Kenya and the Gulf countries would help to address the urgent need for jobs and economic opportunities for young people.

He especially urged business leaders from the private and public sectors to develop a special trading framework that will give preference to small and medium enterprises in the East African Community and the GCC.

At the same time, President Kenyatta expressed the need to develop a long-term solution to the many tariff and non-tariff barriers that curtail trade between Kenya and the Gulf region.…

Bboxx Kenya will use the US$14 million loan to connect 470,000 Kenyan households to renewable energy sources. www.theexchange.africa

Bboxx to boost Kenya’s off-grid solar connections with US$14 million loan

Kenya
  • Data by the World Bank Group reveals that Kenya’s electrification rate currently stands at 70 per cent
  • Easing the financial access barrier for end-users has improved the uptake of home solar systems over the past decade. 
  • The Kenya National Electrification Strategy highlights the Kenyan government’s plans to scale up off-grid electrification with ambitions to establish two million new connections through standalone solar home systems by 2022. 

Bboxx Kenya is set to receive a US$14 million (Ksh1.6 billion) loan facility from SBM Bank Kenya aimed at connecting 470,000 Kenyan households to renewable energy sources.

GuarantCo, a fund backed by the governments of UK, Switzerland and Australia among others, is guaranteeing Ksh1.2 billion or 75 percent of the loans.

“SBM Bank is elated to spur the growth of the energy sector in Kenya through partnerships with like-minded entities such as Bboxx and GuarantCo,” SBM Bank Kenya’s deputy chief executive officer Jotham Mutoka …