President Ruto With South Korean President for a Ksh.63 Billion Investment Deal
Kenya has secured $485 million (Ksh.63 billion) in concessional funding from South Korea’s – Korea Exim Bank and part of it is for the development of Konza Digital Media City.
Konza, located in Machakos County, will receive $238 million (Ksh.30 billion) in funding.
The deal was signed Tuesday during the Korea-Africa summit, which was attended by Kenya’s President William Ruto in Seoul, South Korea.
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