Kenya taps Sh36bn China loan for roads

Cabinet Secretary for The National Treasury and Economic Planning John Ng’ongo Mbadi at the County Hall Nairobi on September 16, 2024.

Photo credit: File | Nation Media Group

Treasury tapped a Sh36 billion concessionary loan from China to pay arrears and allow works to resume on 16 roads under construction by the country's firms, underlining the mounting struggles to fund such projects.

Cabinet Secretary for the National Treasury John Mbadi said the loan was tapped from China Development Bank and targeted roads where less than 25 percent of the works have been done.

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