Ruto secures Korea funding for Kenya's delayed Konza tech city
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Nairobi, Nov. 24 -- Kenya's President William Ruto on Wednesday secured a $1 billion funding from South Korea to help set up a smart city at Konza, some 60km south east of Nairobi.
The announcement came after Ruto met with Korean leader Yoon Suk-yeol in Seoul where he has been on a three-day official visit since Tuesday.
The Koreans also pledged to help build the Nairobi Intelligent Transport System and Bus Rapid Transit, two of Kenya's projects mooted earlier but which have not taken shape.
A statement from State House said the Korean money will fund "various projects" in agriculture, ICT, health, energy, infrastructure, education and affordable housing. A huge chunk of it will go to the Konza city project.
It will be channelled thro...
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