Open Budget Kenya

 

Commissioning of Damen 4000 Tonne Slipway - ECA Backed- at the Kenya Naval Base Mtongwe, Mombasa - Kshs 8,058,304,512

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-Sep-2030

Original Agreement

45,917,680 (EUR)

Revised Amount

52,675,544 (EUR)

Amount in Kshs(2023)

8,058,304,512.00

Interest Rate

Variable

Terms

Loan of Eur 45,917,680.00signed on 04.12.2017 and repayable in 20 semi annual instalments from 04.12.2020 to 04.06.2030.

Num

Year

Amount at Start

Withdrawals

Repayments

Amount at end

1

2023

(EUR) 44,234,004.00

0.00

5,267,554.50

38,966,452.00

2

2022

(EUR) 49,501,559.76

0.00

5,267,554.48

44,234,005.28

3

2021

(EUR) 47,273,465.00

4,861,872.00

2,633,777.24

49,501,559.76

4

2020

(KSH) 1,256,584,311.00

0.00

0.00

4,867,544,208.00

5

2019

(KSH) 37,821,183.00

0.00

0.00

1,256,584,311.00

6

2018

(KSH) 0.00

0.00

0.00

37,821,183.00