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Kenya signs Sh34 billion agreement with Italian banks for construction of dam

The signing of the agreement at State House, Nairobi, on Wednesday was witnessed by President Uhuru Kenyatta and Italian Prime Minister Matteo Renzi. [Photo: PSCU]

Kenya on Wednesday signed a Sh34 billion financing agreement with Italy's BNP Paribas and Intesa San Paolo banks for the construction of Itare Dam in Kuresoi.

The signing of the agreement at State House, Nairobi, yesterday was witnessed by President Uhuru Kenyatta and Italian Prime Minister Matteo Renzi after they held bilateral talks. The agreement brings Italy's total financial assistance to Kenya to Ksh 59.3 billion.

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