Small businesses in Kenya are set for a major boost after the government announced a new Ksh17.7 billion investment from the United Kingdom.
The funding, which will target the country's tech and innovation sector, was announced after key talks between President William Ruto and UK Prime Minister Keir Starmer on Tuesday, July 1.
According to President Ruto, the talks with the UK are part of the broader partnership between Kenya and the European nation covering 2025 to 2030.
During this period, the UK is anticipated to pump around Ksh266.1 billion into Kenya's economy. "We have renewed the Kenya-UK Strategic Partnership, effectively setting the right tempo for more trade, investment, and green growth," Ruto announced on Tuesday.
