The National Treasury has secured a $126.8 million (Sh16.4 billion) concessional loan from the International Fund for Agricultural Development (IFAD), whose proceeds will finance a new programme aimed at improving rural livelihoods and protecting natural resources.
The loan is on blend terms with a 1.41 percent interest rate, 1.39 percent service charge, a 25-year repayment period, and a five-year grace period.
