India and Kenya Sign 5 Pacts

Current Context: India and Kenya signed five pacts on December 5, 2023, during the visit of Indian Prime Minister Narendra Modi to Nairobi. The pacts cover areas such as agriculture, defence, health, trade, and investment.

• India also announced a USD 250 million line of credit for Kenya’s agricultural sector.
• However, this is not the first time that India and Kenya have signed agreements to deepen their cooperation.
• In 2016, the two countries signed seven pacts, including in the fields of defence and security, avoidance of double taxation, visa, housing and measuring standards.
• India also extended a USD 44.95 million line of credit for Kenya’s small and medium enterprises and textiles, and agreed to build a cancer hospital in Kenya.
• These pacts reflect the long-standing and rich bonds between India and Kenya, which share a common legacy of struggle against colonialism and a large Indian diaspora in Kenya.

Question:

Q.1 How much line of credit did India announce for Kenya’s agricultural sector in 2023?
a. USD 44.95 million
b. USD 100 million
c. USD 250 million
d. USD 500 million