Schröder Pledges €50 Million in Aid to Kenya

German Chancellor Gerhard Schröder has pledged aid worth €50 million ($61.7 million) in the form of technical cooperation grants and low-interest loans over the next two years to promote agriculture, water and the health sector in Kenya. Schröder, on a tour of African nations this week, signed the agreement with President Mwai Kibaki in the Kenyan capital, Nairobi on Tuesday. He told journalists that the German government was keen to intensify cooperation with Kenya following the country's peaceful political transition in December 2002.