Business Daily | by Constant Munda
Repayment of principal sums owed to external lenders for six months through December 2020 nearly doubled in the lead-up to Treasury’s U-turn in taking debt relief offer and push to create a special debt fund.
External debt redemptions jumped 83.99 percent to Sh80.71 billion in the period compared with a similar period a year earlier when they amounted to Sh36.84 billion, Treasury data shows.
The increased expenditure were largely driven by a surge in redemptions (principal sums) owed to China’s state-owned lenders and…
