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HomeDaily NewsSunday, July 12, 2026Ruto: Construction of Thwake Dam Phase II to Begin in April 2027 After Sh10.6bn Funding Approval - July 2026
Business & Economy3 stories from 2 sources

Ruto: Construction of Thwake Dam Phase II to Begin in April 2027 After Sh10.6bn Funding Approval - July 2026

Construction of Kenya's largest dam, the Thwake Dam, is set to commence by April 2027 following the approval of Sh10.6 billion in funding. President William Ruto announced the funds will enhance water security, irrigation, and renewable energy generation in the lower eastern region. Separately, Ethiopia and Kenya have finalized an electric power supply agreement to boost regional energy trade and connectivity. Meanwhile, the Kenyan government will receive 60 percent of any profits exceeding an agreed threshold from the Rironi-Mau Summit toll road under a 30-year concession agreement.

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Sunday 1:16 PMCapital Business

Ruto: Construction of Thwake Dam Phase II to Begin in April 2027 After Sh10.6bn Funding Approval

Ruto: Construction of Thwake Dam Phase II to Begin in April 2027 After Sh10.6bn Funding Approval

Construction of the second phase of Kenya's largest dam, the Thwake Dam, is set to commence by April 2027 following the approval of Sh10.6 billion in funding. President William Ruto announced that the funds will enhance water security, irrigation, and renewable energy generation in the lower eastern region.

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Key Highlights

Construction of the second phase of Kenya's largest dam, the Thwake Dam, is set to commence by April 2027 following the approval of Sh10.6 billion in funding. President William Ruto announced that the funds will enhance water security, irrigation, and renewable energy generation in the lower eastern region.

  • The project secured €64.2 million (Sh 9.49 billion) from the African Development Bank (AfDB), €4.2 million (Sh 620.68 million) from the African Development Fund, and €15 million from the Kenyan government.
  • Key stakeholders include President William Ruto and the African Development Bank Group (AfDB).
  • Upon completion, the dam aims to supply 150,000 cubic metres of water daily, support 40,000 hectares of farmland for irrigation, and generate 20 megawatts of hydropower.
Sunday 10:08 AMCapital Business

Ethiopia, Kenya ink electricity supply deal

Ethiopia, Kenya ink electricity supply deal

Ethiopia and Kenya have finalized an electric power supply agreement to boost regional energy trade and connectivity.

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Key Highlights

Ethiopia and Kenya have finalized an electric power supply agreement to boost regional energy trade and connectivity.

  • Ethiopia will supply electricity to Kenya at approximately $0.15 U.S. dollars per kilowatt-hour.
  • The deal was signed between the Ethiopian Electric Utility (EEU) and Kenya Power and Lighting Company.
  • The agreement aims to strengthen bilateral electricity trade and promote shared regional economic growth, leveraging Ethiopia's rapidly expanding power generation capacity, including its flagship Grand Ethiopian Renaissance Dam.
Saturday 9:50 PMNation BusinessFirst

State to pocket 60pc of excess profits from Rironi–Mau toll road

State to pocket 60pc of excess profits from Rironi–Mau toll road

The Kenyan government will receive 60 percent of any profits exceeding an agreed threshold from the Rironi–Mau Summit toll road. This profit-sharing agreement is part of a 30-year concession for the highway.

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Key Highlights

The Kenyan government will receive 60 percent of any profits exceeding an agreed threshold from the Rironi–Mau Summit toll road. This profit-sharing agreement is part of a 30-year concession for the highway.

  • The State will receive 60% of earnings above the agreed 16% internal rate of return (IRR) on equity.
  • Key entities involved include the National Treasury, a consortium of China Road and Bridge Corporation (CRBC) and the National Social Security Fund (NSSF), and Shandong Hi-Speed Road and Bridge International Engineering (SDRBI).
  • This model replaces the demand-risk model used for the Nairobi Expressway, shifting revenue and demand risks to the private sector and avoiding minimum revenue guarantees for the State.
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