KenGen to launch $300m loan

Kenya sunset px230 for gc
By Bianca Boorer
18 Oct 2017

Kenya’s largest power producer Kenya Electricity Generating Company (KenGen) is looking to raise $300m in the loan market, which the World Bank is providing a $180m guarantee for.

The state-owned company has sent out a request for proposal to international banks for the financing, according to a banker close to the deal.

The funds will be used to restructure a portion of KenGen’s existing loans, according to a spokesperson from the World Bank.

The bank received ...

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