Tag Archives: Japan’s Overseas Economic Cooperation Fund

Kenyan Broadcasting Corporation in financial disarray

Kenya Broadcasting Corporation (KBC) has failed to service a debt it owes to Japan’s Overseas Economic Cooperation Fund which has so far accumulated to KES 32.3 billion (USD 374.3 million). KBC took a government-guaranteed loan of KES 8.2 billion (USD 95 million) in 1989 from the Japanese foreign aid institution to help fund capital expenditure, [...]