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Next President to spend Sh3.7bn daily on debts

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Business Daily | by Charles Mwaniki


President Uhuru Kenyatta’s successor will require an average of Sh3.74 billion daily to repay the country’s mounting debts, underlining the heavy debt burden the new government will inherit from the Jubilee administration.

Treasury chiefs project that Kenya will spend Sh1.36 trillion annually in the year starting July for debt repayment, up from Sh1.15 trillion in the current fiscal period…

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