United Kingdom announced plans to finance projects worth £49 million (KSh 9.02 billion) during the Africa Climate Summit (ACS) 2023.
UK Minister for Development and Africa Andrew Mitchell unveiled the Sh 9 billion investment across Africa during his visit to Kenya
“Our partnerships with African countries on green investment and climate resilience are growing economies and improving lives. But more action has to be taken, as those least responsible for climate change are increasingly bearing the brunt of its effects,” Mitchell said.
Seven new climate finance projects will also be launched at the Summit.
Investments worth Sh 2.8 billion from UK-backed FSD Africa Investments will mobilise capital from private sources, allowing small-scale businesses to access finance, create innovative products and deliver inclusive tech solutions.
Together, these projects will improve access to basic services, including renewable energy and healthcare, for over 500,000 people, generate 3,400 jobs, and provide cheaper and reliable power to households
