IFC investments in Kenya to hit $500m
22 May 2012, 08:22
Nairobi – The International Finance Corporation plans to
increase its investment in Kenya to Sh42.1 billion ($500 million) for
the 2012/13 financial year from the $400 million committed for the year
ending June 30, 2012.
Kenya constitutes 15 percent of the IFC’s sub-Saharan investment
portfolio of Sh219.1 billion ($2.6 billion) for the FY 2011/12 and 72
percent of the East African region’s $550 million earmarked for spending
Since 2010, the IFC’s investments in Kenya increased from Sh5.05 billion ($60 million) to the current Sh42.1 billion.
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