Kenya Secures Sh78 Billion Roads Financing From Commercial Banks

In a bid to keep road projects on track despite tightening public finances, the Kenyan government has secured $600 million (KSh77.8 billion) in short-term financing from commercial banks, leveraging future fuel levy collections as collateral. The funds will be channeled through the Kenya Roads Board (KRB) to pay contractors undertaking priority infrastructure works across the country. This development comes amid growing pressure on the Treasury, which has revised down its revenue targets multiple times in 2024/25 due to sluggish tax inflows and heavy debt service obligat.......