Kenya plans new Sh140bn syndicated loan facility

The Eastern and Southern African Trade and Development Bank. PHOTO | TDB

Kenya has embarked on a fresh drive to raise funds through a syndicated loan, just days after closing a similar $500 million (Sh70.8 billion) deal arranged by a consortium of banks.

Documents seen by the Business Daily reveal that the government is looking to raise as much as $1.0 billion (Sh141.5 billion) through the facility to be arranged by the Trade and Development Bank (TDB).

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