Kenya: Miga backs Chinese loan for HFO plant


Issue 258 - 12 Jul 2013 | 1 minute read

The World Bank’s Multilateral Investment Guarantee Agency (Miga) has approved its first guarantee for a loan provided by a Chinese bank. The loan is for the 83MW Triumph heavy fuel oil (HFO) plant and is worth about $113.6m for Industrial and Commercial Bank of China (ICBC), Standard Bank and CfC Stanbic Bank.

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