Five local banks have been picked to issue letters of credit of up to Sh614.89 billion ($4.8 billion) for fuel that Kenya will import on credit from the United Arab Emirates over a nine-month period.
Disclosures, the Business Daily has seen, show that KCB, NCBA, Absa Bank Kenya, Stanbic Bank and Co-op Bank made the list alongside Africa Export-Import Bank (Afreximbank).
