China signs Economic and Technical Cooperation Agreement granting $7.3 million USD to Kenya (Linked to Record ID#1275)

$7.3M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Kenya
Country	Kenya
Start Date	Jan 06, 2010
End Date	Sep 08, 2031
Duration	7,915 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`85159`

Grant Description

On January 6, 2010, a Chinese government official signed an economic and technical cooperation agreement (ETCA) granting $7.3 million USD (551 million Ksh) to the Government of Kenya.

According to a US Embassy cable published by the Guardian, the known sub-projects are as follows: (1) $150,000 USD (11 million Ksh) for a computer program for the Kenya Ministry of Finance (Record ID#1275), (2) an unspecified amount to finance feasibility studies for the potential development of Lamu Port.

The remainder of the ETCA equal to $7.15 million USD (540 million Ksh) financed unspecified development projects.

📋 Staff Comments

This ETCA was most likely originally denominated in RMB but USD was the next best option.

📚 Sources & References

China Proves Friendship With Sh551 Million Gift, http://www.guardian.co.uk/world/us-embassy-cables-documents/249097 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.