The Kenyan Government has secured a loan amounting to Ksh35 billion from Germany saying the financing will go towards financing various projects in the country under the President Uhuru Kenyatta’s Big Four 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 Dr 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
