Opposition Party Spread Rumors That President William Ruto Pays Former UK PM To Send Him Presidents And Prime Minister From The West Just To Approve His Legitimacy

Opposition party spread Rumors that President William Ruto pays former UK PM to send him Presidents and Prime Minister from the West just to approve his legitimacy. (Read More Here).

Rumors have it that President William Ruto pays former UK PM to send him Presidents and Prime Minister from the West just to approve his legitimacy.

Is this the reason why he blew Kshs 7 BILLION for his office in 6 months? Weuh.

UK Prime Minister Rishi Sunak and Kenyan President H.E. William Ruto met at the COP27 climate summit today [Monday 7 November]. The leaders agreed to fast-track six green investment projects worth KES 500 billion spanning green energy, agriculture and transport. Sunak praised Kenya’s pioneering climate leadership and urged President Ruto to continue championing clean growth.

The UK and Kenya have agreed to fast-track six projects worth KES 500 billion to accelerate the flow of climate finance into Kenya after the UK Prime Minister and President Ruto met at the COP27 climate summit in Sharm-el-Sheik, Egypt.

These new, clean and green investments will become flagship projects of the UK-Kenya Strategic Partnership – an ambitious five-year agreement that is unlocking mutual benefits for the UK and Kenya.

The projects include: new geothermal and solar energy generation at Menegai and Malindi; a KES 425 billion Public Private Partnership to deliver the Grand High Falls Dam, which will generate a gigawatt of renewable power and provide an area over twice the size of the Maasai Mara with drought-combating irrigation solutions; the green regeneration of central Nairobi anchored around a new central rail station; and a Ksh 32 billion investment in a climate-resilient agriculture hub for the Lake Victoria region in Kisumu that will create 2,000 direct jobs and provide an income for a further 20,000 farmers.

Details of the projects to be fast-tracked

Malindi Solar Expansion: KES 7.5 billion investment. A 40 MW solar plant, constructed by UK company Globeleq with finance from British International Investment, which was connected to the grid in December 2021. Plans will double the size of Malindi Solar and add battery storage – an additional KES 7.5 billion investment – making over KES 15 billion total.

Menengai Geothermal: KES 12.5 billion investment. A 35 MW geothermal project led by GDC and Globeleq which will mark the full development of a field discovered by GDC. The project has a signed and effective Power Purchase Agreement with KPLC that confirms one of the cheapest tariffs for baseload renewable power.

Grand High Falls Dam: KES 425 billion investment. A Public Private Partnership on the Tana River that will generate 1,000MW of hydroelectric energy capacity and irrigation for 400,000 hectares of farmland. Led by UK engineering firm GBM, the project is envisaged to include both a Power Purchase Agreement for clean energy and a Water Purchase Agreement for agricultural irrigation.

Nairobi Railway City: KES 11.5 billion investment. A green regeneration of central Nairobi, anchored around a new central rail station connected to Bus Rapid Transit, incorporating the latest innovations in green building technology and planning. The project has been developed with technical assistance from the UK Government and UK architects (Atkins) won the contract to design the new station.

United Green: KES 31 billion investment. Climate-smart crop and agro-industrial processing system via a joint venture with Kisumu County that will create 2,000 direct jobs and provide an income for a further 20,000 farmers across counties the Lake Victoria region.

Guarantees: The UK Government, through the Private Infrastructure Development Group, is collaborating with CPF Financial Services and other private investors, including Cardano Development, to launch a new guarantee company that will de-risk investments and unlock private finance from pension funds and insurance companies for projects in Kenya. The UK government will commit KES 2 billion to the company, which will mobilise KES 12 billion of new climate finance for Kenyan infrastructure over the next 3 years.