Japan Promise Aid For Development To Kenya

The highlight of the Tokyo International Conference of African Development held in Nairobi recently, was Japan’s promise to aid Kenya.

The aid to Kenya is for the purpose of funding development and economic growth specifically in the energy sector, reports say.

The event, which was attended by Japanese Prime Minister Shinzo Abe and numerous heads of state and governments, is held every five years to promote Japanese investment.

According to a joint statement released by the Japanese prime minister and Kenya’s president, Japan would be extending grant aid for economic and social development to the tune of $9.78 million.

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The two leaders added that Japan would also be providing a concessional loan to the Olkaria geothermal project.

Japan Promise Aid

Kenya Electricity Generation Company, KenGen, has a total production capacity of 1,618 megawatts, of which 514 MW is from geothermal energy.

This would not be the first time Japan and KenGen have worked on projects together.

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Japan has provided loans and technical assistance in the past, among them being a $408 million loan deal to build a 140 MW geothermal plant expected to be operational within two years.

Prime minister Abe also told African leaders during the five day long development conference that Japan would commit $30 billion in public and private support for infrastructure development, education and healthcare expansion in the continent over a three-year period starting in 2016.

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Kenya is the first African country to host the Tokyo International Conference of African Development.

With the 2011 Fukushima nuclear disaster which led to the shutdown of almost all the nuclear reactors, Japan is keen on tapping Africa’s vast natural resources.