News

 

Nairobi, 27th February, 2020.

 

The National treasury Cabinet Secretary Amb. Ukur yatani and Chief Representative, Jica Kenya Office Mr. Katsutoshi Komori today signed a Loan Agreement for the Mombasa Special Economic Zone Development Project 1 amounting to Ksh. 36.139 billion.


The credit will attract an Interest Rate of 0.1 %, repayment Period of 28 yearsand Grace Period of 12 Years. It will be applied for development of Special Economic Zone with the aim of boosting the Manufacturing Sector in line with the Government Big Four Agenda as well as creation of new jobs for Kenya citizens.

 

The project will enhance container handling capacity at the port of Mombasa.