President William Ruto has announced that the Japanese government has offered Kenya a loan of 25 billion yen (KSh22 billion) through the Samurai bond scheme.
In a statement on Thursday August 21, the President confirmed that he and the Japanese Prime Minister had signed a statement of intent for the bond, which is a type of loan raised from Japanese investors.
The loan will be pivotal in ensuring that the government diversifies resource mobilisation for national development, according to Ruto. "Kenya has signed various development cooperation documents at the ongoing Tokyo International Conference on African Development, TICAD, in Yokohama City, Japan," Ruto stated.
President William Ruto, during a conference in Japan on Thursday, August 21.
