The approval of Sh110.6 billion ($684.7 million) loan to Kenya by the International Monetary Fund (IMF) on Thursday is set to lower the heat on Eurobond repayment.
The new funds, which are expected to hit the accounts of the Central Bank of Kenya (CBK) immediately are part of the Sh152 billion ($941.2 million) from the augmentation/expansion of resources under the fund’s multi-year arrangement with Kenya.
