Kenya Govt Gets Sh 35Bn Loan From Germany

The Kenyan Government has secured a loan amounting to Sh 35 billion from Germany saying the financing will go towards financing various projects in the country under the President’s Big 4 Agenda.

The Ambassador of the Republic of Germany in Kenya H.E Annet Gunther, Head of German Government negotiation delegation Mr. Niels Breyer, CS @HKRotich during the signing of Bilateral Development Cooperation Agreements between the G.O.K and the Federal Government of Germany. pic.twitter.com/2JKC2UajMk

— The National Treasury and Planning (@KeTreasury) December 7, 2018

The announcement comes just few days after the Principal Secretary for Treasury Kamau Thugge announced that the government is seeking an extension of 10 years to pay a Ksh77 billion syndicated loan of 2015 that is due on April 2019.

Kenya Govt says it is seeking to extend the payment period for a syndicated loan worth loan Sh 78 Billion due in April 2019. pic.twitter.com/MxfagGFciz

— Kenyanwallstreet (@kenyanwalstreet) December 6, 2018