Kenya Said to Receive $1.5 Billion UAE Loan Next Week
- East African nation set to get the financing in one go
- Loan will help it steady its fiscal position after protests
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Kenya expects to receive a $1.5 billion loan from the United Arab Emirates by the end of next week, according to people familiar with the matter.
The East African nation will get the financing in one go, reversing an earlier plan to stagger the loan, according to two of the people, who asked not to be identified as the discussions are private.