China funds technical and economic cooperation projects with 2.8 billion KSh loan
Constant 2017 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
This project is classified as an "umbrella" project, and is connected to related projects.
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Unallocated/unspecified (Code: 998)
During President Uhuru Kenyatta's trip to China, Chinese officials offered an interest-free loan of 2.8bn [33.46bn dollars] to be given to Kenya within five years from 1 September 2013. The loan has a repayment period of 10 years. Repayment will begin in 2023. This loan is to be used for technical and economic cooperation projects, which are to be agreed upon at a later date. Approval of projects is subjected to the Kenyan Parliament's scrutiny, which has threatened to cancel projects.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Kenya [Government Agency]