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HomeDaily NewsMonday, June 23, 2025Kenya Government Secures Sh16.4 Billion Loan for Rural Development
Breaking News & Top Stories2 stories from 2 sources

Kenya Government Secures Sh16.4 Billion Loan for Rural Development

Kenya secures Sh16.4 billion loan aimed at improving rural livelihoods. Efforts focus on enhancing living standards.

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Monday 4:30 PMCapital NewsFirst

Kenya secures Sh16.4bn loan to improve rural livelihoods

Kenya secures Sh16.4bn loan to improve rural livelihoods

Kenya has secured a Sh16.4 billion concessional loan from the International Fund for Agricultural Development (IFAD) to enhance rural livelihoods and protect natural resources.

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Key Highlights

Kenya has secured a Sh16.4 billion concessional loan from the International Fund for Agricultural Development (IFAD) to enhance rural livelihoods and protect natural resources.

  • The loan has a **1.41%** interest rate, **25-year** repayment period, and **five-year** grace period.
  • The agreement was signed by Treasury Cabinet Secretary John Mbadi and IFAD Regional Director Sara Mbago-Bhunu.
  • The Integrated Natural Resources Management Programme (INReMP) will focus on environmental sustainability across ten counties.
Monday 6:09 PMKenyans

Kenya Secures New Ksh16.4 Billion Loan

Kenya Secures New Ksh16.4 Billion Loan

The Kenyan government has secured a new loan of Ksh16.484 billion (approximately $126.8 million) from the International Fund for Agricultural Development (IFAD) to support the Natural Resources Management Programme (INReMP).

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Key Highlights

The Kenyan government has secured a new loan of Ksh16.484 billion (approximately $126.8 million) from the International Fund for Agricultural Development (IFAD) to support the Natural Resources Management Programme (INReMP).

  • 25-year repayment period with 1.41% interest rate and five years grace period.
  • Signed by Treasury Cabinet Secretary John Mbadi and IFAD Regional Director Sara Mbago-Bhunu on June 23.
  • The project aims to tackle environmental challenges and enhance rural livelihoods across several counties including Elgeyo Marakwet and West Pokot.
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