The United Kingdom will guarantee up to $59 million (Sh9.4 billion) of the loan Kenya is set to receive from the African Development Bank (AfDB) to improve transmission lines to boost the country’s energy security.
The guarantee means that the UK will now shoulder part of the risks associated with the $119 million (Sh19 billion) project, allowing the continental lender to extend extra funding for the development, covering the climate mitigation-related costs.
