Sessional Paper No. 02 of 1990 on Kenya Government Guarantee of a Loan of Japanese Yen 7,674,000,000 Equivalent to Ksh. 1,115,082,800 from Overseas Economic Cooperation Fund, Japan, to East African Portland Cement Company Limited.

Abstract

In accordance with the provisions of the Guarantee (Loans) Act (Cap 461 of the Laws of Kenya), the following information is laid before the National Assembly for consideration and approval. With the full assistance of the Kenya Government, East African Portland Cement Company Limited has successfully negotiated for a loan of Japanese Yen 7,674,000,000 equivalent to Kshs.1,115,082,800 from the overseas Economic cooperation Fund of Japan. The Loan is concessionary. The Loan bears an interest rate of 2.5% per annum, payable semi annually on the Principal disbursed and outstanding...