Kenya eyes South Korea growth formula, signs Sh120 billion loan

ruto-south-korea

President William Ruto inspecting a guard of honour. Kenya is eyeing to replicate the South Korean economic model in a bid to spur growth and create jobs. PHOTO | PSC

Kenya is eyeing to replicate the South Korean economic model in a bid to spur growth and create jobs by boosting key sectors amid an Sh120 billion loan from the Asian country.

The two countries Wednesday signed deals that will see South Korea transfer agricultural technology and its vast ICT know-how to Kenya, helping boost the quality of farm produce, create more jobs among the youth and also tap the vast potential in the energy sector.

PAYE Tax Calculator

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