Kenya to receive KES 40 b in aid from EU
24 July 2013, 14:25
Nairobi - The European Union said on Wednesday it will give Kenya 40 billion shillings ($458.45 million) between 2014 and 2020, for use in agriculture and other sectors, extending an aid programme to the African country.
The EU said the amount could be higher. It gave Kenya KES 46 billion in its last aid programme between 2008 and 2012.
The EU said in a statement it was still in discussions with the Kenyan government on where the KES 40 billion would be spent. Sectors that EU assistance has targeted in the past have included education, energy, roads and health.
"The funding amount is likely to rise to as much as KES 50 billion as programmes are developed and details confirmed," the EU mission to Kenya said in a statement.
Kenya forecasts a deficit of 7.9 percent of GDP, or KES 329.7 billion, this fiscal year ending next June.
In recent budgets it has factored in minimal donor funds as donors, concerned about allegations of corruption in government, tightened their purse strings.
($1 = 87.2500 Kenyan shillings)
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