Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Kenya haggles with banks over Sh50b loan

04 April 2012, 14:10

Nairobi – Kenya’s plans to borrow $600 million (Sh50 billion) from international banks have been frustrated by the reluctance of the financiers to offer the loan at lower interest rates as applied for by the government.

Finance Minister Njeru Githae disclosed that the government is pushing to have the foreign banks further discount their interest rates on the syndicated loan by a margin of one or two points before the deal can be finalised.

“When I assumed this portfolio, I told the people negotiating that they must reduce the interest rates and I told them that they should not fear and that they should do it,” he stressed.

For more visit Capital News


Read News24’s Comments Policy

Comment on this story
1 comment
Comments have been closed for this article.

Read more from our Users

Submitted by
George Vodongo
President renews calls for nation...

President Uhuru Kenyatta has called on Kenyans to instead focus on unity, cohesion and prosperity as the country approaches the campaigns period. Read more...

Submitted by
Ben Wangui
IEBC selection panel settles on B...

The panel appointed by President Uhuru Kenyatta to recruit new IEBC commissioners has picked Bernadette Musundi as its chairperson. Read more...

Submitted by
Ben Wangui
Uhuru Kenyatta's bag of goodies t...

He promised to go back with more goodies next week. Read more...

Submitted by
Solomon Opala
Are women after money only

Many feel that it takes only a fat wallet to please a woman. Read more...

Submitted by
George Vodongo
Kalonzo says he will defeat UhuRu...

Wiper leader Kalonzo Musyoka has expressed confidence that he will send the Jubilee government home in the upcoming Presidential election. Read more...

Submitted by
S Mbinya
Why Caffeine Is Used for Weight L...

The following are the reasons why caffeine is used for weight loss. Read more...