The government has set a target to borrow Sh38.74 billion against the Sports Fund to complete the construction of 33 new and existing stadiums across the country.
The new facility will mark the second securitisation under the Sports, Arts and Social Development Fund (SASDF), after the Sh44.8 billion Talanta bond whose proceeds are in use in the construction of the 60,000-seater Raila Odinga Stadium in Nairobi.
