The initial round of $200 million (about Sh26.78 billion) should be hitting the state’s coffers before the close of this week.
The government has opted for a dual currency option in the latest $500 million (about Sh67 billion) syndicated loan, thus allowing four foreign lenders to exercise their discretion as to whether to lend to Kenya in either US dollars or Euros.
This is according to two sources familiar with the transaction who told Nation.Africa that the initial tranche of $200 million (about Sh26.78 billion) should be hitting the state’s coffers before the close of this week.
