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Feb

20

Kenya Said to Be Near $800 Million Loan With Citibank, StanChart

By Tony Seruga

Kenya is close to signing an $800 million syndicated loan with four banks to help fund infrastructure projects and support the shilling, according to a person familiar with the matter.

East Africa’s biggest economy is expected to sign the three-year facility with Citigroup Inc., Standard Bank Group Ltd., Standard Chartered Plc and Rand Merchant Bank by tomorrow, the person said, declining to be identified because he isn’t authorized to speak on the matter. Kamau Thugge, the Treasury’s principal secretary, didn’t answer calls and text messages seeking comment…

Kenya Said to Be Near $800 Million Loan With Citibank, StanChart

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