National Treasury CS Ukur Yatani
Salaton Njau | Nation Media Group

Debt-saddled Kenya gets a brief reprieve on loans

What you need to know:

  • The National Treasury has not been able to raise enough revenues this year to meet the budget expenses as a result of the coronavirus pandemic.
  • Lower revenues mean budget shortfalls and more borrowing even as debt continues to grow out of control.

Kenya has been handed a Sh32.9 billion loan-repayment break by the Paris Club of international creditors from January to the end of June.

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