Loan Insurance for Yen-Denominated Facility (Samurai Loan) to The National Treasury and Economic Planning of the Republic of Kenya

Nippon Export and Investment Insurance (NEXI; Chairman & CEO: Atsuo Kuroda) has decided to provide insurance for a yen-denominated loan (Samurai financing) to be extended to the National Treasury and Economic Planning of the Republic of Kenya (the “National Treasury of Kenya”).

This project has been considered based on the Memorandum of Understanding (MOU) signed between NEXI and the National Treasury of Kenya in 2024, and was brought to agreement following the Statement of Intent signed in August, 2025 on the occasion of the 9th Tokyo International Conference on African Development (TICAD9).

Based on this agreement, NEXI will provide insurance for a yen-denominated loan (up to JPY 25 billion in total) to be extended to the National Treasury of Kenya by a consortium of eight Japanese commercial banks: Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd., Mizuho Bank, Ltd., The Iyo Bank, Ltd., Hachijuni Nagano Bank, Ltd., The Hyakugo Bank, Ltd., The Shizuoka Bank, Ltd., and The Hokkoku Bank, Ltd.

In addition, NEXI and the National Treasury of Kenya agreed on a Memorandum of Understanding to establish a framework to promote the relevant policy implementations utilizing this financing.

The loan agreement and the MOU were signed on June 22, 2026 in Nairobi, Kenya, by Atsuo Kuroda, President & CEO of NEXI, Hon. John Mbadi, Cabinet Secretary for the National Treasury and Economic Planning, and Mr. Yoshizawa (Senior General Manager & Deputy Head of EMEA, Sumitomo Mitsui Banking Corporation), in the presence of H.E. Dr. William Ruto, President of the Republic of Kenya, Hon. Dr. Musalia Mudavadi, EGH, Prime Cabinet Secretary, and Hon. Lee Kinyanjui, EGH, Cabinet Secretary for Investments, Trade and Industry from Kenya side. Mr. Tomonobu Hori, H.E. the Chargé d’Affaires ad interim of Japan to Kenya also attended the ceremony.

（Left：Atsuo Kuroda, Chairman and CEO of NEXI、Right：Hon. John Mbadi, Cabinet Secretary for the National Treasury and Economic Planning of the Republic of Kenya）

Credit：Prime Cabinet Secretary Kenya, Press Service

The loan will be utilized as fiscal funding to support the implementation of Kenya’s National Automotive Policy (NAP) and initiatives aimed at reducing power transmission and distribution losses domestically. It is expected to lead to industrial development and job creation through the promotion of the automotive industry in Kenya, as well as improve energy efficiency through the reduction of power transmission and distribution losses, and is also expected to expand business opportunities in the automotive sector and the wider adoption of high-efficiency transformers, where Japanese companies have strength.

Based on the MOU concluded in conjunction with this transaction, NEXI will continue to collaborate closely with the Government of Kenya and relevant Japanese authorities through regular dialogue and information sharing to ensure that related policies are steadily implemented under this financing. NEXI remains committed to supporting the expansion of business opportunities for Japanese companies, as well as industrial development and the resolution of social challenges in Kenya and other African countries.

Contact:
Infrastructure Group
Loan Insurance Department
Tel: +81-(0)3-3512-7674