China to Give Kenya 1.7 Trillion Loan

Publisher:
KENYA Citizen TV
Publication Date:
19 July 2012
Tags:
Kenya, Asia, Australia, and Africa, Economy, Business and Finance

China will give Kenya 1.7 trillion shilling in new loans to fund various development projects over the next three years. the money is part of an Africa investment fund set up by the world's second largest economy in the year 2009 that has now been doubled to 20billion U.S dollars. Prime Minister Raila Odinga who is leading the Kenyan delegation to the china- Africa co-operation summit in Beijing, said the new funding will be used to finance projects in infrastructure, manufacturing and development of small businesses.



InFocus

Kenya Gets Trillion Shilling Loan from China

The country will receive a 1.7 trillion shilling loan from China that will mainly be used to finance projects in infrastructure, manufacturing and the development of small ... Read more »