Kenya borrowed Sh430bn in four months — report - News Summed Up

Kenya borrowed Sh430bn in four months — report


The, according the National Treasury, will be used to finance various development projects. By DAVID MWEREMore by this AuthorThe government borrowed over Sh430 billion between February 1 and June 30 this year, a report tabled in the National Assembly shows. The, according the National Treasury, will be used to finance various development projects. Irrigation and water supply projects include Sh2.3 bilion Ruiru II water supply funded by France and Sh20.8 billion Kenya Karimenu II Dam water project funded by Exim Bank. The road projects will be financed by African Development Bank, African Development Fund and Exim Bank of China.


Source: Daily Nation September 13, 2017 15:22 UTC



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