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Kenya gets Sh50b loan from World Bank

22 June 2012, 07:43

Nairobi – Kenya has signed a $600million (Sh50.4 billion) loan agreement with the World Bank to finance two major projects in the country.

Sh25.2 billion will finance the Nairobi Metropolitan Services Improvement Project (NAMSIP), which aims to strengthen urban services and infrastructure in Nairobi and its environs.

The local authorities targeted to benefit from the funds include, Nairobi city, Ruiru, Kikuyu, Kangundo/Tala, Thika, Mavoko, Karuri, Ngong, Limuru, Kiambu, Kitengela, Juja and Ongata Rongai.

For more visit Capital News



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