| Updated Wed, January 25th 2017 at 00:00 GMT +3Treasury Cabinet Secretary Henry RotichKenya is set to pay Sh12 billion in interest and other costs for a syndicated loan due in 10 months. The loan was arranged by Citigroup, Standard Bank and Standard Chartered in 2015. Central Bank of Kenya’s (CBK) printed financial statement shows the $750 million (Sh7.7 billion) two-year commercial loan was borrowed at eight per cent interest, including other costs. 5 billion (Sh154 billion) 10-year note. CBK said during the period under review, financing was sourced from the domestic market as well as disbursements from the Chinese Government through Exim Bank, International Development Association, African Development Bank and the two-year syndicated loan.

Source: Standard Digital January 24, 2017 19:21 UTC