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The World Bank approved $600 million of loans to finance two infrastructure projects in Kenya, east Africa’s biggest economy.
An interest-free loan of $300 million will be provided for the Water and Sanitation Services Improvement Project, the Washington-based lender said in an e-mailed statement today. A further $300 million will be loaned to help fund the Nairobi Metropolitan Services Improvement Project, it said.
“Kenya is one of the most water-scarce countries in the world, with a majority of its citizens unable to access clean water at an affordable price,” said Johannes Zutt, the bank’s country director for Kenya.
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