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UAE- US$20 million OFID loan to benefit 1.6 million Kenyans


(MENAFN - Emirates News Agency (WAM)) VIENNA, 16th February, 2021 (WAM) The OPEC Fund for International Development (OFID) has signed a US$20 million public sector loan agreement with Kenya to increase regional connectivity, enhance trade and improve the socio-economic welfare of about 1.6 million people.
The loan will finance the upgrading of the 90 km Samatar - Wajir Road, a part of the North and North-Eastern Development Initiative Programme. The programme will better connect Kenya s northern region to the rest of the country, improving an important 739 km corridor linking Isiolo in the north with Mandera in the northeast (at the border with Ethiopia). ....

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