KenGen to launch $300m loan
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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