{"id":617,"date":"2024-02-28T19:05:01","date_gmt":"2024-02-28T19:05:01","guid":{"rendered":"https:\/\/www.beseenlimited.com\/trendblendhub\/?p=617"},"modified":"2024-02-28T19:12:32","modified_gmt":"2024-02-28T19:12:32","slug":"kenya-kwanza-govt-borrowed-ksh-223-5b-in-five-months","status":"publish","type":"post","link":"https:\/\/www.beseenlimited.com\/trendblendhub\/kenyan-news-update\/kenya-kwanza-govt-borrowed-ksh-223-5b-in-five-months\/2024\/02\/28\/","title":{"rendered":"Kenya Kwanza Gov\u2019t Borrowed Ksh.223.5B In Five Months"},"content":{"rendered":"\n

The Kenya<\/a> Kwanza gov’t borrowed Ksh.223.5B in five months, per a report from the National Treasury. The report to Parliament details 11 loans acquired between September 1, 2023, and January 31, 2024, totaling the mentioned amount.<\/p>\n\n\n\n

The loans aimed to enhance Kenya Power’s financial viability and increase electricity access, employment, earnings, and savings for the youth on a national scale. They also aimed to support Kenya’s North Eastern region in unlocking its economic potential and improving socio-economic welfare.<\/p>\n\n\n\n

The first loan, signed on October 23, 2023, with the OPEC Fund for International Development, amounted to Ksh5.8 billion. It specifically aimed to support the North Eastern province’s economic potential, creating job opportunities through improved transportation and market access.<\/p>\n\n\n\n

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