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World Bank approves $180 mln loan guarantee for Kenya’s energy sector

NAIROBI: The World Bank approved a $180 million loan guarantee on Monday for Kenya Electricity Generation Company to help strengthen the financial position of the state-run company, which produces more than 70 percent of the country’s electricity. The guarantee will help in long-term commercial financing of up to $300 million to refinance part of KenGen’s […]

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