Dutch firm grants Sh8bn to cut water prices in coast PPP project

Men and women fetch water by the banks of Sabaki River in Kilifi County on December 17, 2021.

Photo credit: File | Nation Media Group

A Dutch investment firm has agreed to provide $63 million (Sh8.14 billion) to help lower water prices from a public-private partnership (PPP)-backed project that targets Mombasa and Kilifi counties.

The National Treasury disclosures show that Invest International, a Dutch investment firm committed to providing the money in the form of a grant, which is a quarter of the Sh32.96 billion ($255 million) needed to fund the Sabaki Water Carrier Project.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.