Kenya defaulted on the Sh19.6 billion loan for the controversial Arror and Kimwarer dams having failed to make the first instalment payments to Italian Bank Intesa San Paolo in May.
Treasury documents tabled in Parliament show Kenya was to pay the first instalment for the Sh11 billion lent to the Arror dam on May 18 and initial repayment of the Sh8.63 billion Kimwarer loan on May 9.
