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State seeks Sh50 billion from bank regulator to finance projects

Central Bank Governor Patrick Njoroge.

The government has borrowed Sh50 billion from the central bank through a notification, to finance infrastructure projects in 2018/19 fiscal year which will be traded in the bourse.

The 20-year loan according to CBK, will be transacted in Nairobi Securities Exchange with 11.9 percent investor earnings annually.

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