Kenya is set to receive $500 million (Ksh75.0 billion) in November from a syndicated loan arranged by the Trade and Development Bank (TDB), a top official at the National Treasury has revealed.
The Business Daily has learned that TDB has been mandated to mobilise up to $1.0 billion (Ksh150.0 billion) for Kenya in the current financial year whose total external financing is projected at Ksh448.7 billion ($2.99 billion) according to the Draft Budget Review and Outlook Paper (BROP) published by the National Treasury on September 15th.
