Kenya, Korea Govts Conclude Second Stage of EIPP Projects

20 September 2023
Capital FM (Nairobi)
By Phidel Kizito

Nairobi — The Kenyan and Korean governments today concluded the second phase of the Economic Innovation Partnership Program (EIPP), whose purpose is to fast-track development at Konza Technopolis.

It comes after the successful implementation of the first EIPP projects in March 2022, which included the development of the smart city master plan and a feasibility study on the integrated control center, focusing on security operations and the establishment of an intelligent transport system.

Others were smart mobility plans that meet the urban functions of the city and consultation for the establishment of a startup ecosystem in Konza Smart City.

KOTRA Kenya MD Ik Hyun Eom said that they are looking for the successful rollout of the third phase of the program.

"Our intention is to deepen our cooperation through promoting of Public Private Partnerships so that the Korean business communities can also get involved during the development of Konza Technopolis," KOTRA Kenya MD said.

He said that once complete, Konza Technopolis will act as a standard and a technical innovation icon within the East African Region.

On his part, Konza Technopolis Development Authority (KoTDA) Chief Executive Officer John Paul Okwiri said the implementation of a smart transportation corridor between Konza city and Nairobi would enhance trade and improve connectivity within Nairobi and its environs.

"The intelligent transport system is one of the four projects that has been successfully studied and once implemented, Konza will essentially act as a strategic logistics hub between Nairobi and Mombasa," Okwiri said.

EIPP is an extended cooperation grant model from the Korean government meant to foster mutually beneficial relationships between partner countries and Korea. The grant is in kind.

The program supports identified projects annually for a maximum of three years, focusing on establishing mid- and long-term development strategies, improving laws and systems, planning infrastructure, and financing plans.

The 2022/23 Kenya-Korea EIPP was implemented by the Korea Trade-Investment and Promotion Agency (KOTRA) and the Konza Technopolis Development Authority (KoTDA).

Read the original article on Capital FM.

Tagged:
Copyright © 2023 Capital FM. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.