Chinese Government signs 2 billion Kenyan shillings concessional loan framework agreement for development projects

$15.38M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Kenya
Country	Kenya
Start Date	Jan 01, 2005
End Date	Nov 22, 2027
Duration	8,360 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`808`

Grant Description

Chinese Government signs 2 billion Kenyan shillings concessional loan framework agreement for development projects On April 24, 2006, Kenyan President Kibaki and Prime Minister Wen Jiabao signed a framework agreement on the provision of a 2 billion Kenyan shillings concessional loan by China to Kenya.

The loan will support development projects in Kenya.

Present in the talks for various agreements were Chairman Wu Bangguo of the Standing Committee of the National People's Congress of China, the Chief Executive of Hong Kong, Mr Donald Tsang, and African ambassadors accredited to China.

📋 Staff Comments

Several developmental loans were extended by China in 2006; therefore, this project is marked as an Umbrella project.

📚 Sources & References

Kenyan government hails Chinese president's coming visit
Chinese President Hu Jintao Starts His Official Visit in Nairobi
Kenya
How China delivers development assistance to Africa 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.