Govt signs Sh61bn syndicated loan to finance infrastructure projects

The government has secured yet another loan from international lenders.

The 600 million dollars – or 61 billion shillings loan has been obtained from a consortium of three banks namely Citi, Standard Bank And Standard Chartered Bank.

But as Patrick Igunza reports, the loan has raised new jitters over the government’s rising stock of debt, with CORD Leader Raila Odinga terming it as a classic case of “digging a hole to fill a hole.”