Kenya defaults on Sh19.6bn Arror, Kimwarer dams loan



Business Daily | by Otiato Guguyu


Kenya defaulted on the Sh19.6 billion loan for the controversial Arror and Kimwarer dams having failed to make the first instalment payments to Italian Bank Intesa San Paolo in May.

Treasury documents tabled in Parliament show Kenya was to pay the first instalment for the Sh11 billion lent to the Arror dam…

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