Government signs Sh82.3 billion loan deal with four banks
News
By
Reuters
| Mar 20, 2017
Government has signed an $800 million (Sh82.3b) syndicated loan deal with four banks last Thursday, a market source said on Monday, ending weeks of delays.
The government picked Standard Chartered, Standard Bank, Citi and Rand Merchant Bank to lead the loan back in January.
"The deal was signed last Thursday. They are now waiting for the drawdown," said the source, who did not wish to be identified.
The terms of the loan were not immediately known.
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