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Kenya’s digital space has received a major boost following President William Ruto’s recent visit to the United States, where major collaboration and investment between the two countries was announced.
One of the groundbreaking initiatives announced was the establishment of EDTECH Africa, a partnership between Kenya and the US, Microsoft, Mastercard’s Centre for Inclusive Growth and several renowned Historically Black Colleges and Universities (HBCUs).
With a total investment of $11.85 million, the initiative aims to bridge the emerging tech education gap by facilitating interaction between African scholars and HBCU students.
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In the health sector, the US International Development Finance Corporation (DFC) is injecting $14 million into Kenya’s private sector.
“This includes a $10 million loan to Hewa Tere for medical oxygen supplies and a $4 million equity investment in Kasha Global, a company that serves the health care needs of low-income women.”
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Additionally, Virunga Power announced a partnership with Power Africa to invest $100 million in six hydroelectric projects in Kenya that are expected to generate 31 megawatts of clean energy over the next five years and spur economic growth in rural areas.
Collaboration between the U.S. Department of Energy and the Kenyan Ministry of Energy demonstrates a commitment to clean energy and carbon management, with a Memorandum of Understanding (MOU) signed to strengthen bilateral cooperation in geothermal energy and industrial decarbonization.
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In the transport sector, investments totalling $20 million in electric vehicle startups such as BasiGo and Roam Electric are set to accelerate Kenya’s transition to zero-emission vehicles in line with President Ruto’s Africa Green Industrialisation initiative.
Additionally, the launch of the MCC-Kenya Urban Mobility and Growth Threshold Programme, funded by a $60 million grant, aims to improve urban mobility in Nairobi while reducing transport sector emissions.
Additionally, USAID’s support for plastic recycling in Kenya totals more than $2 million, is expected to create 200 jobs and significantly increase PET plastic recycling in the country.
Today, President Biden hosted President Ruto for an official visit and dinner to mark 60 years of the official partnership between the United States and Kenya.
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Source of this program
“This ingredient is amazing!!”
“Kenya’s digital space has received a major boost following President William Ruto’s recent visit to the United States which saw the announcement of massive collaboration and investment between the two countries.”
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Source link: https://techmoran.com/2024/05/23/president-rutos-us-tour-gives-the-digital-space-a-boost-billions-invested/
