Kenya to tap Sh9.3bn AfDB energy funding

A Kenya Power employee inspects a line. FILE PHOTO | NMG

Kenya is set to benefit from a JPY 10 billion (about Sh9.3 billion) medium-term bond raised by the African Development Bank (AfDB) to help improve access to energy across Africa.

AfDB announced it had raised the money through a ten-year bond sold to the third-largest life insurer in Japan Dai-ichi Life Insurance Company to help the continent achieve universal electricity access by 2025 with a focus on clean and renewable energy solutions.

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