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AfDB boss on why lender is pumping billions into Kenya economy

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AfDB Director-General for East Africa Nnenna Lily Nwabufo. [File, Standard]

The cash-strapped government is set to receive a huge financial boost from the African Development Bank (AfDB) in a loan deal that will cushion the battered economy against external shocks.

The Abidjan-based bank has also lined up multi-billion-shilling investments in the energy, water, and transport sectors.

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