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Kenya Power marked for Sh41bn World Bank loan

Kenya Power

A Kenya Power building along Aga Khan Walk, Nairobi. The World Bank plans a Sh40.84 billion ($ 300 million) loan to help improve the operations of KPLC and improve the supply of electricity at the grassroots through the Last Mile Connectivity (LMC) programme.

Photo credit: Lucy Wanjiru | Nation Media Group

The World Bank plans a Sh40.84 billion ($300 million) loan to help improve the operations of the Kenya Power and Lighting Company (KPLC) and improve the supply of electricity at the grassroots through the Last Mile Connectivity (LMC) programme.

The multilateral lender said in a disclosure that funding would come through The International Development Association (IDA) which is a member of the World Bank Group and offers concessional loans and grants to the world's poorest developing countries.