Kenya gets AfDB €235m loans to complete Thwake Dam

The African Development Bank's (www.AfDB.org) Board of Directors has approved two loans worth €235.763 million for the completion of construction work on Thwake Dam on Thwake River in southern Kenya (https://bit.ly/2DxMe2W).

This is a strategic water supply project for the large semi-arid area of Makueni County and surrounding regions, including the new technology city of Konza.

The package, requested by the Kenyan authorities, comprises two loans – €192.570m from AfDB, and €43.193m from the Africa Growing Together Fund (AGFT). This additional support follows a €76 million loan granted by AfDB in 2013 to start the dam as part of the Thwake Multi-Purpose Development Programme (TMWDP) which aims to provide drinking water, hydroelectric energy and irrigation.

Completion of the dam will enable the storage of 681 million m3 of water, of which 625 million m3 will be used for electricity production and downstream irrigation of agricultural land, 22 million m3 for upstream irrigation and 34 million for human use.

Construction in the initial phase of the TMWDP project should be completed in December 2022.

Comments

  1. We give out loans to individuals, companies, business men and women who are in need of finance and can guarantee REPAYMENT process, if you are one please kindly contact us now at: standardonlineinvestment@gmail.com

    ReplyDelete
  2. Dear Customers.

    We invite you all to participate in our new business and project funding program, We are currently funding for Business start-up Business developments, Business acquisition Business expansion, Project funding and Working capital etc.

    This Funding program allows a client to enjoy 3% low interest rate and payback period of 1 to 35 years. We can approve a loan/funding for up to $500,000,000.00 or more depending on the nature of business we are currently funding for and we satisfy our customers’ financial needs and help them succeed

    Application Available
    Apply via email: standardonlineinvestment@gmail.com

    ReplyDelete

  3. I must testify that your article is out standing.most of the articles I come across these days do not really provide anything that attracts others as yours, but believe me the way you interact is literally awesome I do respect that so much. I will instantly get your link and stay informed of any updates you make and as well take the advantage to share some vital information regarding the different steps which can be use to join the top class of people in the world. HOW TO JOIN and be in control of wealth and fame

    ReplyDelete

Post a Comment

Popular posts from this blog

The Newell Murder serialization 1