Kenya Secures $464 Million Syndicate Loan Backed by Fuel Levies

In a significant move to bolster its finances, Kenya has successfully secured a syndicated loan amounting to approximately $464 million. This financing is strategically backed by the country's fuel levies, a critical source of revenue for the government. The decision came after extensive discussions with various banking institutions to ensure the funds are accessible for essential development projects and budgetary support amidst ongoing economic challenges.

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