Serrari Group

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

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