Business Daily | by Lynet Igadwah
The Higher Educations Loans Board (Helb) is seeking Sh10.98 billion ($100 million) syndicated loan from an undisclosed US multinational to plug funding gaps.
The agency Tuesday told Parliament it was in discussions with the Ministry of Education and the Treasury on the possibility of taking the debt instrument at an interest rate of seven percent.
The board has been relying on the Treasury and recoveries from past beneficiaries for funds, but the rising number of university students has made it difficult to meet growing demand or raise allocation…
