Kenya is among member countries allowed to tap a Sh319 billion ($3billion) emergency fund set up this week by the African Export Import Bank (Afreximbank) to help African countries alleviate sudden economic disruptions caused by the coronavirus outbreak.
Afrexim, which finances and promotes African trade, said the kitty named Pandemic Trade Impact Mitigation Facility (PATIMFA) will support its member country central banks, and other financial institutions to meet trade debt payments that fall due and to avert trade payment defaults.
