Kenya: Nation, Italy Sign Debt Conversion Agreement

Nairobi — The Italian government has agreed to convert 44 million Euro (Sh3.5 billion) in debt into funding for projects in the social sector.

During a farewell meeting between President Mwai Kibaki and outgoing Italian ambassador to Kenya Mr Enrico de Maio on Tuesday, it was agreed that debt stemming from past soft loans be invested in projects to be mutually agreed upon in education, health and other critical areas.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.