South Korea has agreed yo support Kenya's development programmes by committing 120 billion shillings (US 1billion dollars)
The funds will be used in Agriculture, ICT ,Health, Energy, Infrastructure, Education, Affordable Housing and Urban Transport. President William Rutto and his South Korean counterpart Yoon Suk Yeol witnessed the signing of the agreement at Yongsan Presidential Office Soul, South Korea.
President Ruto said the agreement will stimulate economic development through manufacturing, agro-processing and value addition. The deal includes the Special Economic Zones (SEZs) in Dongo Kundu , Lamu, Naivasha , Athi River , sagana and the construction of damsKenya will also work with South Korea to develop manufacturing plants in the Konza Technopolis, an export promotion zone dedicated to pharmaceutical manufacturing, vaccine production and value addition in Agriculture. "We are committed to implementing strategies to increase farm productivity and seek your government's support for Agricultural mechanisation as well as cooperation in research and technological innovation," he added.The two heads of state also agreed to partner on green energy , security and development of the Nairobi Intelligence Transport System and Bus Rapid Transit Network to decongest the city. President Yeol said the government of South Korea will help Kenya to manage the effects of drought.
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