Bloomberg News

World Bank Approves $600 Million Loans for Kenyan Projects

May 11, 2012

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.

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net.

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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