World Bank approves $180m for Kenya’s energy sector

The loan will help strengthen the financial position of state-run Kenya Electricity Generation Company

The World Bank has approved financing worth $180 million (£133m) to boost energy security in Kenya.

The loan will be used to help strengthen the financial position of state-run Kenya Electricity Generation Company (KenGen).

It manages 70% of Kenya’s generation capacity of 1,631MW, making it one of the largest in East Africa.

The World Bank loan will support KenGen in raising up to $300 million (£221m) in total to be used to refinance its existing loans.

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