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Uhuru & Suluhu Sign Ksh100 Billion Deal

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  • President Uhuru Kenyatta and his Tanzanian counterpart Samia Suluhu have signed a Ksh100 billion agreement at the State House, Nairobi.

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    The agreement was signed during a two-hour meeting between the heads of state, followed by a joint speech on May 4, 2021.

    The agreement will see Tanzania create a Ksh100 billion gas pipeline from Dar es Salaam to Mombasa.

    President Uhuru Kenyatta leads Kenya’s delegation during the signing of the MOU on natural gas transportation

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    The 600-kilometer pipeline will pass through the port city of Tanga to Mombasa and will carry natural gas from Songo Songo Island and from the Mnazi Bay gas station in southern Tanzania near the border with Mozambique.

    Construction is expected to begin immediately after the completion of talks at the White House.

    During a White House meeting, President Suluhu acknowledged that Kenya is Tanzania’s largest investor in the East African Community, and the fifth in the continent.

    He mentioned 513 projects worth more than Ksh100 billion which have created 51,000 jobs for Tanzanians.

    “We are not just neighbors geographically, but we have other similarities like culture, language and shared heritage,” Uhuru said.

    When completed, the project is expected to significantly reduce energy costs, and hence the cost of doing business in Kenya.

    According to the Tanzania Petroleum Development Corporation, the country has begun harvesting its own gas deposit of 55 trillion cubic feet.

    More than half of Tanzania’s electricity is generated from natural gas.

    The project is also a beacon of hope as residents along the route expect investors to flock to the region.

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    President Uhuru Kenyatta (right) receives Tanzanian President Samia Suluhu (left) at the State House, Nairobi on Tuesday, May 4, 2021

    PSCU

  • Source: KENYAGIST.COM

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