Japan, Kenya Agree Credit Deal Smaller Than Nairobi First Touted
Japan's Prime Minister Shigeru Ishiba, second from left, speaks with Kenya's President William Ruto, right, in Yokohama on Aug. 20.
Photographer: Richard A. Brooks/AFP/Getty ImagesJapan agreed to provide Kenya with as much as ¥25 billion ($170 million) in yen-denominated funding, a smaller amount than Nairobi previously indicated it expected to secure.
The loan facility was announced by Japan’s foreign ministry in a statement on Wednesday following a meeting between Kenyan President William Ruto and Japanese Prime Minister Shigeru Ishiba in Yokohama on the sidelines of the Tokyo International Conference on African Development, but the amount and terms weren’t initially disclosed.