Open Budget Kenya

 

Commissioning of Damen 4000 Tonne Slipway - Commercial Loan - at the Kenya Naval Base Mtongwe, Mombasa - Kshs 1,341,311,104

Creditor

ING Bank Germany

Creditor Category

Buyers Credit

Borrower

Government of Kenya

Borrower Category

Central Government

Date Agreement Signed

04-Dec-2017

Date Loan Matures

04-Dec-2024

Original Agreement

8,783,120 (EUR)

Revised Amount

8,767,886 (EUR)

Amount in Kshs(2023)

1,341,311,104.00

Interest Rate

Variable

Terms

Loan of EUR 8,783,120.00signed on 04.12.2017 and repayable in 14 semi annual instalments from 04.06.2018 to 04.12.2024.

Num

Year

Amount at Start

Withdrawals

Repayments

Amount at end

1

2023

(EUR) 3,131,387.75

0.00

1,252,555.13

1,878,832.75

2

2022

(EUR) 4,383,942.96

0.00

1,252,555.14

3,131,387.83

3

2021

(EUR) 5,636,498.09

0.00

1,252,555.14

4,383,942.96

4

2020

(KSH) 801,235,467.00

0.00

147,380,773.00

677,168,881.00

5

2019

(KSH) 878,220,512.00

0.00

146,692,306.00

801,235,467.00

6

2018

(KSH) 0.00

0.00

0.00

878,220,512.00