AfDB Kenya projects funding jumps to Sh48 billion

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AfDB Chief Regional Programme Officer Lawson Zankli told Xinhua in Nairobi in a recent interview that his bank has tentatively set aside Ksh 31 billion (US$300 million) towards the road project that runs along the east african coastline from Malindi in Kenya to Bagamoyo in Tanzania.

The continental financier raised its funding approvals for Kenya projects by 37.7 percent last year to Sh48.2 billion, according to disclosures in the institution’s latest annual report. The lender, in which Nairobi has a 1.44 percent stake, had committed a total of Sh35 billion for Kenya in 2017.

This marks the latest investment by AfDB in Kenya. The continental financier raised its funding approvals for Kenya projects by 37.7 percent last year to Sh48.2 billion, according to disclosures.

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Kenya: AfDB to Double Investment Funding in Kenya By Wanjiru MachariaNakuru – African Development Bank President, Akinwumi Adesina has said AFDB will double its funding to Kenya.

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KCB Group, the country’s largest bank by assets, has secured a $100 million (about Sh10.37 billion) loan from the African Development Bank (AfDB) for onward lending to small and medium sized.

Business Daily: Foreign direct inflows hit record Sh164.8bn high 16 Jun 2019 – Kenya’s foreign direct investment (fdi) rose 27.53 percent in 2018. Business daily: afdb kenya projects funding jumps to Sh48 billion 16 Jun 2019 – AfDB raised its funding approvals for Kenya projects by 37.7 percent last year.

Search listings. mls multiple listing service listings. Your Trusted Real Estate Source. Search Listings. MLS.com is an independently owned and operated real estate advertising service company for Real Estate firms.Economy AfDB Kenya projects funding jumps to Sh48 billion Sunday, June 16, 2019 22:00 By VICTOR JUMA AfDB typically lends