Kenya takes 10 new loans between April and August

nairobi city county
[Image source: African Arguments | Credit: Nina R.]


Business Daily | by David Mwere


Kenya took ten new loans from commercial, multilateral, and the international sovereign bond market in the five months to August as it races towards the Sh9 trillion debt ceiling.

A new document presented to Parliament by the National Treasury Cabinet Secretary Ukur Yatani shows that the government contracted loans totalling Sh293.55 billion between April 1, 2021 and August 31, 2021…

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