Business Daily | by Hellen Githaiga
Kenya’s request for debt service suspension has been approved by the Paris Club of major economies.
“The Paris Club creditors have accepted to provide to the Republic of Kenya a time-bound suspension of debt service due from 1st January to 30th June 2021,” the G20 group of rich nations said in a statement. The deferred repayment gives Kenya around Sh32.9 billion in potential savings for the six-month period.
Kenya was committed to channel the cash freed by the initiative to mitigate the…
