$135m to expand electricity access in Kenya
The African Development Bank (AfDB) has announced an investment worth $135 million (£101.25m) for an energy project.
The money will fund the second phase of the expansion of the country’s distribution network which aims to provide electricity to 1.5 million homes and businesses.
Kenya’s per capita electricity consumption is 130kWh per month and electricity consumption is projected to increase by 45% at the end of 2017, according to the AfDB.
The total cost of the project – also funded by Kenya’s Government and the World Bank – is $900 million (£675m).
Alex Rugamba, AfDB Energy, Environment and Climate Change Department Director said: “The AfDB has been playing a leading role in financing and attracting financing for capital intensive energy-related infrastructure projects in the region. It will continue to maintain this momentum by promoting the spirit of its New Deal on Energy for Africa to bring projects which extend the provision of basic infrastructure to those in rural areas, such as the Kenya Last Mile Connectivity project.”