Nairobi 20th November 2017
Kenya and Korea Government’s have a signed a loan agreement worth approximately Kshs 9.825 billion shillings towards the establishment of Kenya Advanced Institute of Science and Technology (KAIST).
National Treasury Cabinet Secretary Henry Rotich and Korean Ambassador Kwon Young-dae who were flanked by the Principal Secretary State Department for University Education Prof. Collette Suda and Principal Secretary for ICT Eng. Victor Kyalo said the the establishment of KAIST at Konza will enhance the quality of higher learning while nurturing a technologically advanced population producing creative young talents and leaders.
CS Rotich said the signed Framework Arrangement for Grant Aid will form the basis of future sectors for cooperation in education, health and water sector. He listed other beneficiary projects under the Framework Agreement as:
· Project for Capacity Development of the National Industrial Training Authority (NITA) USD 4 million (about Sh. 414 million.
· Primary School Environment and Capacity Building Project, USD 4.25 million (About Sh. 441 million).
· Project for the Improvement of the Water Supply System in Bungoma, USD 5 million (About Sh. 519 million).
· Maternal and Child Health (MCH) Outreach Program for improving the accessibility of health service and raising awareness of health in Kenya, (amount to be determined later).
· Ex-post Maintenance Assistance for the Project for the Improvement and Upgrading of Kitengela Health Center, USD 200,000 (About Sh. 20.7 million).
He said Phase I of KAIST will be located on 400 acres of land at Konza Technopolis City, and will generate 17,000 jobs upon completion.
Principal Secretary State Department for University Education, Prof. Collette Suda appreciated the move adding that the establishment of KAIST will not only enhance capacity building but also advance skills in technology development. Also present during the signing were Konza Technopolis Development Authority Chairman, Reuben Mutiso and the Chief Executive Officer John Tanui.