AfDB Lends Kenya $268 Million to Complete Country's Biggest Dam

(Bloomberg) -- The African Development Bank is lending Kenya an extra 235 million euros ($267.7 million) to complete the country’s biggest dam.

The support for Thwake Dam in Kenya’s southeastern Makueni county follows an initial loan of 76 million euros the bank gave to begin construction in 2013, it said Wednesday in an emailed statement.

The first phase should be finished in December 2022 and supply water to the semi-arid county and surrounding regions including Konza, Kenya’s proposed “technology city,” the AfDB said. When complete, Thwake will be able to store 681 million square meters for uses including hydropower and irrigation.

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