EIB to grant Kenya Sh244m for hydrogen projects

DNEUKENYAFORUM2102HH

European Investment Bank Vice President Thomas Östros. FILE PHOTO | DIANA NGILA | NMG

The European Investment Bank (EIB) will provide 1.8 million euros (Sh244.2 million) to the Kenyan government for onward lending to green hydrogen investors in the country.

The revelation was made when Treasury Cabinet Secretary Prof Njuguna Ndung’u and EIB Vice President Thomas Östros signed a joint declaration on renewable hydrogen.

PAYE Tax Calculator

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