The loan to KCB is part of IFC’s growing work in Kenya to increase the amount of climate financing available.
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The shilling was exchanged at an average of 119.9059 compared to KSh 119.47 per US dollar on August 18.
Kenya expects its fiscal deficit to narrow to KSh862.5billion, which is 6.2 per cent of the country’s Gross Domestic Product (GDP) in the current fiscal year.
The Kukito brand serves various chicken delicacies – Kitoslaw, Kuku Salad, chicken with pickled onion rings, popcorn Kuku, Kuku Sausage fries, drinks, and other yummy bites.
The insurance sector suffers from a low penetration rate, standing at 2.3% at the end of 2021, lower than the global average of 7.4%.
The bonds are currently trading in the secondary market at yields of 11.7%, 13.5% and 13.9% for FXD1/2022/03, FXD2/2019/10 and FXD1/2021/20, respectively.

