-
Connect with us
June 25, 2012
The Brazilian Development Bank (BNDES) has agreed to loan Kenya $230 million to support agricultural development and urban infrastructure, Kenya's Office of Public Communication announced Sunday (June 24th).
Kenyan President Mwai Kibaki initiated talks with the BNDES during his visit to Rio de Janeiro for the United Nations Conference on Sustainable Development, known as Rio+20.
Kibaki expressed interest in establishing a credit line of up to $2 billion with BNDES to finance priority projects. He said agricultural development, infrastructure and energy are among the priority sectors requiring financing.
The president of BNDES said the bank will loan Kenya $80 million (6.7 billion shillings) to support sugar, ethanol and electricity production, and $150 million (12.6 billion shillings) for the construction of roads and interchanges in Nairobi.
Kibaki was accompanied by Foreign Affairs Minister Sam Ongeri, Foreign Affairs Permanent Secretary Thuita Mwangi and Kenya's Ambassador to Brazil Kirimi Kaberia, among others.
A delegation from the Intergovernmental Authority on Development (IGAD) visited officials in Moga...
A suspected terrorist and his wife were shot dead and six police officers were injured during a s...
Five people were arrested Thursday in Dar es Salaam with explosive materials in their possession,...
Kenyan President Uhuru Kenyatta urged lawmakers to put aside their demands for higher salaries fo...
Somali government troops killed nine al-Shabaab militants during clashes Saturday (May 18th) in t...
Unknown gunmen shot dead an officer with a paramilitary security unit in north-eastern Kenya Satu...
Kenya's ruling Jubilee coalition took control of two key parliamentary committees Friday (May 17t...
The Djibouti Chamber of Commerce and the Food and Agriculture Organisation of the United Nations ...
The European Union's Ambassador to Tanzania Filiberto Ceriani Sebregondi urged journalists to be ...
Kenya's Deputy President William Ruto said African Union Mission in Somalia (AMISOM) forces shoul...
![Protestors carry placards as they march to parliament in Nairobi on May 14, 2013 as they protest a scheme by lawmakers to increase their salaries. [Tony Karumba/AFP]](/shared/images/2013/05/17/kenya-protestors-salary-100_67.jpg)
![Martin Shikwele recovers at Busia County hospital after surviving an attack by unidentified assailants who have killed at least 13 people and injured more than 100 in villages in Bungoma and Busia counties in recent weeks. [Bosire Boniface/Sabahi]](/shared/images/2013/05/17/kenya-western-violence-100_67.jpg)
![Leader of the Ras Kamboni militia Ahmed Mohamed Madobe speaks during a meeting for the creation of Jubbaland State in Kismayo on February 28, 2013. [Mohamed Abdiwahab/AFP]](/shared/images/2013/05/16/somalia-kamboni-madobe-100_67.jpg)
![A plane carrying members of the Somali Police Force takes off from the Aden Adde International Airport in Mogadishu January 17th for a three-month training course in Djibouti. [Stuart Price/AU-UN IST/AFP]](/shared/images/2013/05/16/somalia-aden-adde-100_67.jpg)
![Police arrest suspected al-Shabaab members during a security sweep in Mogadishu in October 2012. [Abdurashid Abdulle Abikar/AFP]](/shared/images/2013/05/09/somalia-mogadishu-shabaab-100_67.jpg)
(Comment Policy) *Denotes Required Field