Kenyan investment?

Infrastructure investment will follow granting of a loan worth some US$400 million to Kenya.
February 17, 2012 Read time: 1 min
Infrastructure investment will follow granting of a loan worth some US$400 million to Kenya. The country has pledged to boost its road network as well as carrying out other infrastructure development should it receive the $400 million loan from the New York-based 2332 World Bank (WB). Some $1.1 billion in loans have been provided by the WB to Kenya since 2009, with most of the funds being used for road building and other development work.

For more information on companies in this article

Related Content

  • Albania funding
    June 25, 2012
    In Albania the government is giving its approval for an €80million (US$104.4million) loan being provided by the European Investment Bank (EIB). The project is for the Fier bypass, which forms part of the Tirana–Vlora highway. The project has faced a series of delays since work commenced a number of years ago. However, this new funding will help ensure that the work is completed.
    Read More
  • Has the promised investment happened?
    July 10, 2012
    At the end of 2008 and the start of 2009, the world's banking system spiralled into crisis, triggered by a series of catastrophic blunders caused by bankers trying to create money from nothing. The result was to plunge the world's economy rapidly into recession. Having proved in effect that lead cannot be turned into gold, the bankers retired on fat pensions leaving governments to pledge huge sums to the banks and fill in the financial gaps.
    Read More
  • Key road projects underway in East Africa
    December 6, 2013
    A series of road improvements and investments will improve connections in Uganda, Tanzania and Ethiopia. The World Bank is offered the Ugandan Government a loan of US$400 million to rebuild roads in Kamdini and Tororo-Soroti-Lira. This funding will allow contractors to carry out road maintenance on the roads for 7-10 years, with work scheduled to start in 18 months. Meanwhile a deal worth $335.76 million has signed by the Tanzanian Government for the second phase of the Road Sector Support Project (RSSP-II
    Read More
  • Highway developments to boost east-west transport
    February 16, 2012
    Huge highway developments are being planned and carried out to further improve East-West transport, with Central Asia a key region as Patrick Smith reports
    Read More

Highlighted Content