The government of Japan through the Japan International Cooperation Agency (JICA) on Thursday, August 27 announced a Ksh 8.1 billion loan to Kenya.
The loan is said to help bolstering the attainment of universal Health coverage as part of president Uhuru Kenyatta Big four Agenda.
The nation was given a repayment period of 30 years with a grace period of decade with the country’s debt burden shooting up.
The agreement was reached between Japanese Ambassador to Kenya Ryoichi Horie and CS Ukur Yatani.
Speaking during during a COVID-19 briefing Ryoichi revealed the amount is in addition to sh 4 billion previously signed.
“This morning I have signed an exchange note titled policy loan for Attainment of the Universal Health Coverage with Honourable Yatani of Treasury at his office. The total amount more than sh 8 billion. We have done a first phase of the same assistance in the past amounting to Ksh 4 billion,” he said.
He also mentioned the two countries would sign another exchange note on Friday September 4.
Download our app from play store and get updates everyday for FREE. Press the button below.
![](https://malimwengu.co.ke/wp-content/uploads/2020/07/app-download-google-play.jpg")
