Kenya allowed to tap Sh1trn AfDB emergency fund

National Treasury building. FILE PHOTO | NMG

Kenya is among member countries allowed to tap a Sh1 trillion ($10 billion) emergency fund announced on Wednesday by the African Development Bank (AfDB) to help alleviate sudden economic disruptions caused by the Covid-19 outbreak.

Deputy director-general for East Africa Nnenna Nwabufo told the Business Daily in a telephone interview the government and private businesses can access the funds for budgetary and business support and to help blunt the effects of disruption.

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