Treasury seeks Sh275 billion loan to help mitigate Covid-19 impactTreasury Cabinet Secretary Ukur Yatani. Additionally, the National Treasury has awarded Sh20 billion by the European Union (EU) and another Sh6 billion from World Bank in grants. The World Bank had already given Kenya Sh6 billion. Besides the Exim Bank of China, other significant creditors Kenya has are Sh43.3 billion for Trade Development Bank, Italy (Sh8.9 billion), IDA (Sh27.3 billion), Germany (Sh2.9 billion) and Spain (Sh2.2 billion). Others are France (Sh17.5 billion), Japan (Sh5.7 billion) and ADB/ADF (Sh8.1 billion).

Source: Standard Digital April 29, 2020 21:00 UTC