Sessional Paper No. 05 of 1978 on Government Guarantee of a Loan to Nairobi City Council by the Commonwealth Development

Abstract

In accordance with the provisions of section 5(1) of the Guarantee (Loans) Act, (Cap461) Laws of Kenya the following information is laid before the National Assembly for consideration and approval. The Government proposes to guarantee a loan in pounds sterling one million six hundred thousands ( €B.,l 600 000) equivalent approximately to Kenya pounds (K£ 1160 000) at current exchange rates to be made to the Nairobi city council by the commonwealth development corporation...