Kenya: Govt Signs Sh50Billion Syndicated Loan

Publisher:
KENYA Citizen TV
Publication Date:
15 May 2012
Tags:
Kenya, Economy, Business and Finance

The government has today signed an agreement to borrow estimated 50b shillings from the international market effectively putting Kenya in a better position to float its much awaited sovereign bond. Finance minister Njeru Githae who signed the financing agreement with three international banks said the funding will ease pressure on domestic borrowing and compel local commercial banks to lower their lending rates. Denis Otieno has that report.

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Kenya Receives Long-Awaited Syndicated Loan

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