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June 23, 2025
5mo ago

Kenya Secures New Ksh16.4 Billion Loan

Kenya Secures New Ksh16.4 Billion Loan

Kenya will be required to pay back the loan within the next five years...

✨ 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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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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