President William Ruto’s administration has secured Ksh30.8 billion in loan for the development of the Konza Digital Media City.
This deal was finalised on the sidelines of the Korea-Africa Summit, marking a significant milestone in the collaboration between Kenya and Korea Exim Bank, on Tuesday, June 4, 2024.
The funding agreement, signed by Korea Exim Bank’s Executive Director and Board Member Hwang Kiyeon, alongside Dr. Abraham Korir, Principal Secretary of Foreign Affairs in Kenya’s Ministry of Foreign and Diaspora Affairs, amounts to $238 million (about Ksh30.8 billion).
This substantial investment aims to transform Konza Technopolis into a cutting-edge hub for film and creative industries.
