×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Ruto turns to regional lenders as Kenya gets Sh407b funding

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Business
Big win for Ruto as court clears path for sale of key State firms
Business
PwC now seeks buyers for Koko Networks assets
Business
Kenya Pipeline Company IPO extended by three working days
Enterprise
When fundamentals are stable but the patient is terrified