EU to support Kenya with $602m

  1. Posted on Saturday 12 June 2010 - 13:22
    AfricaNews editor
    AfricaNews Monitoring Team Credit: Reuters
    The European Union said on Saturday it will give Kenya about 500 million euros to supplement its 2010/11 budget, a 25 percent rise over 2009/10. East Africa's biggest economy on Thursday unveiled a 996.82 billion shilling budget for 2010/11, of which 82.7 billion shillings will be in external financing.
    Kenya:Census Chaos
    "In the financial year 2009/10, EU Member States and European Commission disbursed more that 400 million euros ... in official development assistance to Kenya," the EU said in a newspaper advertisement.

    "We similarly estimate that approximately 500 million euros will be disbursed in 2010/11."

    In past budgets Kenya has factored in minimal donor funds as donors, concerned about corruption in government, tightened purse strings. This time around, the government says it would lean on external concessional funds.

    Sectors that EU assistance has targeted in the past include agriculture, education, energy, roads and health.

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