Sessional Paper No. 03 of 1988 on Government Guarantees of Loans to Nzoia Sugar Company Limited by the Export Import Bank of the Government of the United States of America, the National Bank of Kenya and the East African Development Bank for the Financing of the Company's Rehabilitation and Expansion Project Under the Guarantee (Loans) Act, (CAP. 461)

Abstract

A Sessional paper on a Government Guarantee of three Loans to Nzoia Sugar Company Limited by the following financial institutions: Export Import Bank of the Government of the United States of America amounting to Nineteen million nine hundred and ninety two thousand ($19,992,000) equivalent to approximately Kenya pounds sixteen million, nine hundred ninety three thousand two hundred pounds (KE16,993,200); A loan by the National bank of Kenya amounting to Ninety five million kenyan shillings (KShs.95,000,000); A loan in Special Drawing Rights amounting to Two Million Five Hundred Thousand (SOR 2,500,000) equivalent to approximately Kenya Pounds Two Million Nine Hundred Ninety Eight Thousand Eight Hundred (K£2,998,800) by East African Development Bank.