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Kenya: Kenya Gets Sh50 Billion Loan From World Bank
Capital FM, 21 June 2012
Kenya has signed a $600million (Sh50.4 billion) loan agreement with the World Bank to finance two major projects in the country. Read more »
Sh25.2 billion will finance the Nairobi Metropolitan Services Improvement Project, which aims to strengthen urban services and infrastructure in Nairobi and its environs.
Africa needs to be spending U.S.$93 billion each year on infrastructure, according to the African Development Bank, more than double the current outlays. Stephen Hayes, who has ... Read more »
While the nation hopes to be a middle-income country by 2030, the construction of Konza and Tatu Cities has been met with mixed reactions. Read more »
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