Realy? ours (Tanzania's) has over Tshs 2 trio. allocated to pay our debt! find another thing to talk about :dance:
The story goes on, in an effort to plug in that 15% budget deficit...the bowl has hit the streets of Rio de Janeiro, this time the agenda is to feed the people i.e. agricultural
Business News
Kenya seeks Sh170bn from Brazil
President Mwai Kibaki. Photo/FILE
By PPS
Posted Sunday, June 24 2012 at 09:11
Kenya is in talks with Brazilian Development Bank (BNDES) in an effort to secure USD2 billion (approximately Sh170 billion) credit to support its development projects.
President Kibaki who is in Rio de Janeiro in Brazil attending the United Nations Conference on Sustainable Development held talks with the President of BNDES, which is the second largest development bank in the world.
During the talks, Kibaki expressed Kenyas interest in establishing a credit-line of USD2 billion with BNDES to finance priority projects that include agricultural development, infrastructure and energy.
With respect to infrastructure Kibaki said the construction of roads is an important part of Kenyas development agenda.
Kibaki appealed for partnership with Brazilian Government and investors in infrastructure development to decongest the city of Nairobi.
In the energy sector, Kibaki sought the support of the Brazilian Development Bank in financing the production of sugar, ethanol and co-generation of electricity.
During the talks, the President of the Brazilian Development Bank said the bank will extend a soft loan of USD80 million (approximately Sh6.8 billion) towards the mechanisation of agriculture in Kenya.
BNDES will extend further financing in excess of USD150 million (Sh13 billion) towards the construction of link roads and interchanges to decongest the city of Nairobi.
"With this commitment, Kenya now awaits the results of the review that the Brazilian Government and the Brazilian Development Bank are carrying out in conjunction with the Ministry of Nairobi Metropolitan Development for the construction of interchanges to decongest the city of Nairobi," said the PPS statement to the newsroom.
http://www.nation.co.ke/business/news/-/1006/1434544/-/view/printVersion/-/4dxfgmz/-/index.html
You are such an idiot; learn to differentiate between begging for free things and borrowing credit. Majority of people and nations the world over develop through loans, infrastructure bonds and the likes. If you had an iota of articulation capability, you could have noted that the credit being sort after is geared towards financing of priority projects that include agricultural development, infrastructure and energy. Kenya unlike Tanzania is not addicted to aid and free help for such simple things as running a national budget.
begging to do plug in a bigger budget is such a wicked brain, its spending what u don't have! btw be reminded we feed u....!BTW, Kikwete is lucky that he doesn't have to travel too far to meet his most important investors (although the man does like travelling) :lol:
calm down brother, they all have time to be paid back with interest :A S tongue:, i swear Emilio will go to China,Russia and India after Brazil to do the same thing asking for funds to plug inn the deficits watch this space....u will keep posted!
I thought that there were more important things for you to think about but since Kenya doing that or not doing that are your pet subjects why would you care where we go begging so long as we dont come begging to Tanzania?
u beg us food remember media attacks when the GOT closed border to prevent maize going up North?
begging to do plug in a bigger budget is such a wicked brain, its spending what u don't have! btw be reminded we feed u....!
u beg us food remember media attacks when the GOT closed border to prevent maize going up North?