Active Mixed AidData Chinese Aid

China Development Bank provides $27.12 million buyer’s credit loan for the Magnetic Resonance Imaging Equipment (MRI) Project (Linked to Record ID#58342)

$27.12M USD

Funder	China Development Bank (CDB)
Recipient Organization	Government of Kenya
Country	Kenya
Start Date	Jan 01, 2014
End Date	Jan 21, 2033
Duration	6,960 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`52926`

Grant Description

China Development Bank provides $27.12 million buyer’s credit loan for the Magnetic Resonance Imaging Equipment (MRI) Project In 2014, China Development Bank and the Government of Kenya signed a buyer’s credit loan agreement worth $27,120,000.20 for the Magnetic Resonance Imaging Equipment (MRI) Project.

📋 Loan / Grant Terms

💰 Loan Amountwere as follows: a 2 year grace period

📅 Maturity5 years

⏳ Grace Period2 years

The loan was scheduled for repayment in semiannual installments from June 4, 2016 to June 4, 2019. Under the loan agreement, the amount outstanding as of June 2019 was KES 409,193,200. There was no amount outstanding as of June 2020. As of June 2019, the borrower had repaid an amount equivalent to KES 422,920,000.

The purpose of the project was to facilitate the acquisition of 20 pieces of Magnetic Resonance Imaging (MRI) equipment from Neusoft Medical Systems.

📋 Staff Comments

This project is also known as the 20 Magnetic Resonance Imaging Equipment (MRI) Project.
For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.

📚 Sources & References

Sh104bn state loans in a year
China deal to boost scan kits in 37 county hospitals
How new imaging technology will change medical diagnosis
THE NATIONAL TREASURY Medium Term Debt Management Strategy 2015
Public Debt Register as at End June 2015
External-Public-Debt-Register-as-at-End-June-2020.pdf Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Government of Kenya

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