Kenya receives infrastructure loan

A US$265.2 million loan is being provided by the African Development Bank (AfDB) to the Kenyan authorities for infrastructure work. Kenya’s Finance Ministry said that the loan will be used to improve the road network as well as to improve energy infrastructure. With this latest loan the AfDB has supplied Kenya with funds worth close to $1.5 billion for road improvements and energy infrastructure work.
April 25, 2012 Read time: 1 min
A US$265.2 million loan is being provided by the 1586 African Development Bank (AfDB) to the Kenyan authorities for infrastructure work. Kenya’s Finance Ministry said that the loan will be used to improve the road network as well as to improve energy infrastructure. With this latest loan the AfDB has supplied Kenya with funds worth close to $1.5 billion for road improvements and energy infrastructure work.

For more information on companies in this article

Related Content

  • Uganda-Kenya road link finds funds
    May 3, 2017
    Funding for improvements to a major road connection between Kenya and Uganda will be provided by the African Development Bank (AfDB). In all US$253 of financing will be provided for the road improvement work to the 118km stretch of road. The Kenyan side of the project will receive funding worth $147 million while the Ugandan side will receive $106 million. This will pay for close to 90% of the costs associated with the project, with the remainder being paid for by the Kenyan Government and the Ugandan Gover
    Read More
  • Financing secured for Kenya road upgrade
    October 9, 2019
    Financing has been secured to pay for upgrading work for the road connecting Kenol, Sagana and Marwa in Kenya. The 84km route includes a stretch of the A2 road and will be widened to dual carriageway status, with two lanes in either direction and a central divider, rather than one lane in in either direction at present. Funding is being provided by the African Development Bank (AfDB) in the shape of loans worth US$237 million. The AfdB’s loan package will pay for around 69% of the work, with the People’s Ba
    Read More
  • Key Kenya road project stalled
    December 4, 2023
    A key Kenya road construction project has stalled.
    Read More
  • Uganda-Kenya road link receiving funding
    August 29, 2018
    Improvements to a key road link connecting Uganda with Kenya will benefit from a financing package provided by the African Development Bank (AfDB). The 73km section of road connecting Kapchorwa in Uganda with Suam in Kenya will receive US$105 million of funding. This will help improve trade and transport between the two nations.
    Read More

Highlighted Content