Ruto turns to regional lenders as Kenya gets Sh407b funding

AfriExim Bank President Benedict Oramah and Treasury Cabinet Secretary Njuguna Ndung'u signed a Sh400 billion loan deal in the presence of President William Ruto at State House, Nairobi. [PCS]

The cash-strapped government has received a huge financial boost after inking a $3 billion (Sh407 billion) loan deal that will cushion the battered economy against external shocks.

The three-year loan financing programme from the African Export-Import Bank (Afreximbank) was signed yesterday at State House, Nairobi.

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