Home National Kenya now eyes Sh69bn debt service suspension

Kenya now eyes Sh69bn debt service suspension

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Business Daily | by Brian Ngugi


Kenya has widened its debt service relief request to all its bilateral lenders, hoping to save Sh69 billion, the National Treasury has said.

The move comes days after a decision by the Paris Club of international decision to give Kenya a Sh32.9 billion loan repayment break to help ease the financial distresses linked to Covid-19.

The Treasury said Nairobi had expanded the bid for reprieve from servicing its looming debt payment obligations under the landmark debt relief initiative…

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