Economy AfDB Kenya projects funding jumps to Sh48 billion Sunday, June 16, 2019 22:00 By VICTOR JUMA AfDB typically lends to governments and private companies, mostly to fund infrastructure projects such as roads and energy.
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Kenya: AfDB to Double Investment Funding in Kenya. Keter said AFDB had given a total of Sh30 billion for the first and second phases of the project. He said 50 homes in Ol-Rongai would be connected through the second phase that is running in different parts of the country. Read the original article on Capital FM.
Recovering Bank Debts: Is AMCON a Meddlesome Interloper? By Abubakar D. Sani, Esq – TheNigerialawyer Kenya Mortgage Refinance company launched Uhuru Launches Kenya Mortgage Refinance Company at Windsor. – The Launch of Kenya Mortgage Refinance Company today, offers the housing finance market a credible, professional and high-quality large-scale medium to long-term finance. Based on international experience, mortgage refinance facilities are generally owned by the banks or institutions, which use it for refinancing.organisations named as major debtors of Union Bank and Sterling Bank in the bad debtors’ lists just released by the two lenders. While Union Bank is. owed a total of N46.02 billion by 176 debtors, the sterling bank list showed that the lender is owed a total of N3. 40 billion by 61 firms, totalling N49.42 billion.
Kenya climbed six places to rank ninth last year in the Africa Visa Openness Index which measures how easy it is for visitors to enter a country. The index, published by African Development Bank (Afdb), shows that Kenya climbed from its 15th spot in 2017.
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LAGOS, Nigeria, Capital Markets in Africa: The World Bank has suspended funding to help develop a $14 billion hydropower project in the Democratic Republic of Congo, a stage in what could become the world’s biggest power plant, after a disagreement with the nation over implementation plans.
· The contract will see China Railway No 2 Engineering Group provide 10 per cent of the funding with the rest provided by the government. Kenya is also constructing a $3.27 billion 609km new standard gauge railway line between Mombasa and Nairobi to.
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· THE forbes africa 30 UNDER 30 LIST IS THE most-anticipated list of game-changers on the continent and this year, we bring you 120 of Africa’s brightest achievers under the age of 30 and for the first time, four categories featuring 30 in each: Business, Technology, Creatives and Sport. From elevator manufacturing, solar energy design, to under-30s conquering the Alps and selling out the.
The total cost of the project was Ksh 32 billion (US$360 million). Funding was provided by the African Development Bank (US$180 million), the Exim Bank of China (US$100 million), and the Kenyan government (US$80 million).