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Afreximbank opens Sh460bn loan to aid Africa against Russian war

Smoke rises from a Russian tank in UKraine

Smoke rises from a Russian tank destroyed by the Ukrainian forces on a roadside in Lugansk region on February 26, 2022. PHOTO | AFP

Photo credit: Anatolii Stepanov | AFP

By  BRIAN NGUGI

Kenya will be able to tap a newly created $4 billion (Sh460 billion) fund by the African Export-Import Bank (Afreximbank) designed to help African countries stave off economic fallout brought on by the ongoing Russian war in Ukraine. 

The pan African bank said countries like Kenya can access the funds on request to help blunt the effects of disruption.

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