Business Daily | by Otiato Guguyu
Kenya has for the first time since independence cleared direct loans owed to the United Kingdom, its former colonial master that has recently shifted how it lends to developing countries.
Data from the Treasury indicates that Kenya does not owe Britain as of June compared to a debt of Sh35 million in May and Sh1.4 billion in 2015.
The drop in direct loans from the UK emerged in a period when the country opted to offer funds to agencies such as DFID and the World Bank…
