AfDB says to loan Kenya $263 mln for roads, energy

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NAIROBI – The African Development Bank (AfDB) said on Monday it would loan Kenya 21.8 billion shillings to finance the construction of roads and energy projects in east Africa’s biggest economy.

The amount brings the AfDB’s total support to Kenya for roads and energy to close to $1.5 billion, the bank said.

Robinson Githae, Kenya’s acting finance minister who represented Kenya at the function to sign the agreement, said the financing would help to facilitate inter-regional trade.