In a significant stride towards nationwide electrification, Kenya has signed a historic agreement worth Sh27 billion to extend power access to an additional 280,000 households across 32 counties. Deputy President William Ruto presided over the signing ceremony at State House Nairobi, emphasizing the importance of this initiative in aligning with Kenya’s vision of achieving universal electricity connectivity by 2030.
Under the Last Mile Connectivity Project, the Kenyan government has allocated Sh2.5 billion to this phase, with additional financing provided by key partners including the French Development Agency (FDA), the European Union, and the European Investment Bank (EIB).
Acknowledging the invaluable support from international allies, President Ruto expressed gratitude for their commitment to Kenya’s economic transformation. He highlighted the substantial impact of electrification on rural economies since the project’s inception in 2013, emphasizing its role in driving GDP growth and job creation.
President Ruto underscored the broader societal benefits of electrification, noting its contribution to healthcare, education, and agricultural productivity. From powering irrigation systems to facilitating agro-processing units, electricity has emerged as a catalyst for enhancing livelihoods and ensuring food security.
The signing of the Sh27 billion contract marks a significant milestone in Kenya’s developmental journey, bridging the gap between urban and rural areas and propelling the nation towards enhanced productivity and efficiency across sectors.
“In the beginning, this vision was deemed audacious, but today, it stands as a testament to our resolute commitment and unwavering determination,” declared President Ruto, encapsulating the spirit of Kenya’s march towards progress and prosperity.
With this transformative agreement in place, Kenya takes a decisive step towards realizing its electrification goals, illuminating the path towards a brighter future for all its citizens.
Photo source: Google
By: Montel Kamau
Serrari Financial Analyst
28th May, 2024
Article and News Disclaimer
The information provided on www.serrarigroup.com is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
www.serrarigroup.com is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
In no event will www.serrarigroup.com be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.
The articles, news, and information presented on www.serrarigroup.com reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.
The content on www.serrarigroup.com may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, www.serrarigroup.com takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.
By using www.serrarigroup.com, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website.
www.serrarigroup.com, reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.
Serrari Group 2023
