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Kenya Secures Sh14 Billion Loan for Covid Vaccines

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Nyakundi Report

Newsroom 1 min read

This archive report was first published on 30 June 2021.

On June 28, 2021, Covid-19 vaccination was underway at the Standard Group headquarters.

The World Bank has approved an additional Sh13.9 billion line of financing for Kenya to provide free Covid-19 vaccines to citizens, as the country battles rising cases of Covid-19 infections.

The financing is meant to facilitate the procurement of more vaccines through the African Vaccine Acquisition Task Team (AVATT) initiative under the Covid-19 Vaccines Global Access (Covax) scheme.

The funds will also support vaccines deployment by boosting cold-chain storage capacity, aiming to equip 25 county vaccine stores, 36 sub-county stores, and 1,177 health facilities with vaccine storage equipment.

"This additional financing comes at a critical time when the government of Kenya is making concerted efforts to contain the rising cases of Covid-19 infections and accelerate the deployment of vaccines to a wider population," said Keith Hansen, World Bank Country Director for Kenya.

"The upfront financing for the acquisition of Covid-19 vaccines will enable the State to expand access to more Kenyans free of cost," he added.

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