AfDB approves Sh4bn loan for power lines

afdb

African Development Bank headquarters. PHOTO | COURTESY

African Development Bank (AfDB) has approved a Sh4 billion (26.1 million euros) loan to construct an underground power transmission line as part of the Kenya-Ethiopia electricity highway to boost power supply at the Laikipia Airbase and surrounding areas.

The pan-African lender disclosed its review of the Kenya-Ethiopia electricity highway project, saying the 132 kilovolts underground cable network stretching 16.5 kilometres will link Nanyuki and Rumuruti substations.

PAYE Tax Calculator

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