Nairobi, Feb. 23 -- The government is seeking new financing from the African Development Bank (AfDB) for various projects, deepening its borrowing from the multilateral lender.

AfDB officials met with National Treasury officials on Monday when the request for the additional funding was made, according to sources.

National Treasury Principal Secretary Chris Kiptoo meanwhile said AfDB has cumulatively disbursed $509 million (Sh65.6 billion) loans to Kenya to fund various projects including in power transmission.

Dr Kiptoo announced the meeting with AfDB officials on his X social media account. The multilateral development bank is one of the major financiers of the Kenyan government.

"The African Development Bank has extended financing a...