Sessional Paper No. 05 of 1980 on the Kenya Government Guarantee of A Loan to the Industrial Development Bank Limited from the Arab Bank for Economic Development in Africa

Abstract

In accordance with the provisions of the Guarantee {Loans) Act (Cap. 461) the following information is laid before the National Assembly relating to a guarantee by the Government of the obligations of the Industrial Development Bank Limited (hereinafter referred to as "IDB11 ) in respect of a loan of United States Dollars 5 million equivalent to Kenya Shillings 369 million at current rates of exchange to be granted to IDB by the Arab Bank for Economic Development in Africa of P.O. Box 2211 Khartoum, Sudan (hereinafter referred to as ‘ BADEA’)...