Devki taps Sh328m loan for free hospitals oxygen supply

Devki Group founder and CEO Narendra Raval. FILE PHOTO | NMG

Devki Group has secured Sh327.75 million ($3 million) loan from Standard Chartered Bank to finance its initiatives aimed at fighting Covid-19 pandemic, including supply of oxygen cylinders to public and private hospitals.

The conglomerate said on Monday some funds were deployed to provide free oxygen cylinders at a time the country is facing shortage constraints amid a surge in demand as a result of rising hospitalisation due to third wave of Covid infections.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.