Ms Flora Okoth (centre), the acting MD of Kenya Pipeline Company, CfC Stanbic boss Philip Odera (left), Co-operative Bank Corporate Banking Division Director Lydia Rono (right) among other representatives of financial institutions during the signing of a syndicated loan by a worth $350 million at KPC offices in Industrial Area, Nairobi. DIANA NGILA |
Kenya is allowing key state-owned corporations to generate their own resources as the country struggles with funding requirements.
The National Treasury has allowed government-owned enterprises to borrow from commercial banks to fund mega infrastructure projects in a development widely expected to reinvigorate activities in the dormant syndicated loan market.
