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August 21, 2025
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Details of Ruto's Multi-Billion Deal with Japan

Details of Ruto's Multi-Billion Deal with Japan

The loan is expected to elevate the country's energy sector and motor vehicle assembly...

✨ Key Highlights

President William Ruto announced that Kenya has secured a 25 billion yen (KSh22 billion) loan from Japan through the Samurai bond scheme, aimed at diversifying resource mobilization for national development. The agreement was formalized during the Tokyo International Conference on African Development (TICAD) in Yokohama City, Japan.

  • The loan, a Samurai bond, is a financial instrument issued by foreign entities in Japanese capital markets.
  • Prime Cabinet Secretary Musalia Mudavadi stated the funds will boost local vehicle assembly, manufacturing, electricity connectivity, and deepen diplomatic ties.
  • Additionally, Kenya's Ministry of Health signed an MOU with Shionogi and Co. Ltd. of Japan to improve access to Cefiderocol, an antibiotic for bacterial pneumonia.

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