Thursday, 01 August 2013

Kenya: Over €345m from the EU for the next seven years

A total Sh40 billion (€345,6 million) in aid will be allocated to Kenya between 2014 -2020 by the European Union, for use in agriculture and other sectors.
While on a tour of the Kisumu-based tsetse repellent project on July 23, the EU Head of Delegation, Lodewijk Briet to the country, announced the financing, saying  that “after coming out of its first peaceful elections in decades, the country has a real opportunity to grow and benefit all Kenyans.”
The money are allocated from the next (11th) European Development Fund (EDF) - the main instrument for providing EU assistance to the ACP countries - , covering the 2014-2020 period, which has a total value of 31.589 billion Euro. The EU gave Kenya Sh46 billion (€397,6 million) in its last aid programme between 2008 and 2012.