×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Download App

Six banks picked to finance Sh43 billion oil pipeline

Six commercial banks will finance the bulk of the Sh43 billion pipeline project between Nairobi and Mombasa in one of the single largest loans for a State corporation.

Newly appointed chairman of Kenya Pipeline Company (KPC), John Ngumi, said a deal had been struck with the local lenders to provide the credit facility for the mega project that could significantly slash the cost of transporting fuel products.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902