Kenya joins the China-led AIIB for long-term funding and climate-related projects.

Kenya has joined the China-led Asian Infrastructure Investment Bank (AIIB) to secure long-term funding for infrastructure and climate-related projects. This membership grants access to concessional loans with up to 35 years for repayment. The AIIB, with 109 member countries and a capital of $100 billion, aims to support sustainable development goals and direct half its financing to climate initiatives by 2025.

September 03, 2024
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