New fund set up to ease debt payments

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


Business Daily | by Constant Munda


Kenya has created a special fund to ease future cash flow pressures on government revenues arising from fast-maturing debts which are forecast to double to nearly Sh1 trillion in the next three years after expiry of grace period.

Treasury secretary Ukur Yatani has gazetted rules to set up and manage the “Sinking Fund” whose cash will…

Read more…


LEAVE A REPLY

Please enter your comment!
Please enter your name here