Home National Kenya to borrow Sh2.5bn daily ahead of Jubilee exit

Kenya to borrow Sh2.5bn daily ahead of Jubilee exit

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Business Daily | by Constant Munda

The Jubilee administration looks set to borrow an average of Sh2.5 billion daily before the end of President Uhuru Kenyatta’s final term in August 2022, highlighting its growing appetite for foreign debt.

Treasury chiefs project in a draft Budget Review and Outlook Paper new loans of Sh1.87 trillion in the two years to June 2020 or Sh2.5 billion daily, pushing Kenya’s debt to Sh8.06 trillion…

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