Kenya makes first loan drawdown

Kenya’s ministry of finance has drawn down $240m through the first tranche of its $600m syndicated loan completed last month.

  • 06 Jun 2012

The final $360m tranche will be supplied after one month, said Joseph Kunyua, permanent secretary to the treasury.

Kenya will use part of the funds to finance infrastructure projects such as roads, energy projects, port dredging and irrigation programmes. The dollars will go towards the Central Bank of Kenya’s ...

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