Business Daily | by Otiato Guguyu
The Treasury will appeal to rich foundations and trusts to help fund Kenya’s budget as part of the wider resource mobilisation to battle the Covid-19 pandemic.
It says in a November paper titled ‘Post Covid-19 Economic Recovery Strategy (ERS) 2020-22’ the country will have to appeal to rich organisations for either cheap credit or free grants to finance Kenya’s budget.
Kenya wants to avoid raising more debt from overseas capital markets, after a borrowing binge in recent years including Eurobond offerings…
