Hard truths. Bold Insights. Real talk.
Speaking after attending a church service and fundraising at St Martin's ACK Church in Kitui Town, the President attributed the latest delay to funding challenges, saying the government had exhausted the money allocated to the project before securing additional financing.
Addressing congregants at St. Boniface Catholic Church on Sunday, Wetang'ula said Kenya's political discourse should be guided by respect and constructive engagement rather than personal attacks.
The initiative will see the government commit approximately Sh490 billion in catalytic public funding to attract nearly Sh1 trillion in private sector investment over the next five years.
Guterres said Africa is now central in discussions on how to reshape global financial systems that no longer match today’s realities. He argued that many global structures still reflect a world order created in 1945, which no longer fits current economic and political needs.
During the meeting, AWWDA Chief Executive Officer Eng. Joseph Kamau indicated that actual collections for the current financial year stand at about Sh 1 billion, explaining that a significant share is remitted to the National Treasury to service loans.
Interested bidders can access the bidding documents free of charge from KETRACO’s website and seek clarifications from the Senior Manager, Supply Chain.
The facility, approved by the Bank’s Board of Directors, will allow Equity Bank (Kenya) Limited to issue guarantees of up to 100 percent to confirming banks, covering non-payment risks linked to Letters of Credit and similar trade finance instruments.
The initiative, designed to mobilize climate finance for Africa which faces growing threats from droughts and extreme weather events was announced on Thursday.
The move is part of the government’s ongoing efforts to achieve Universal Health Coverage.