Is Kenya Debt a Reflection of Govt's Big Appetite for Loans?
The goverment's loan debt includes 51.9% of foreign loans and 48.1% of domestic loans and does not include recent borrowings which has continued unabated for over five years, writes Brian Ngugi for The Nation.
Treasury secretary, Henry Rotich.
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Kenya:
Duale Defends Eurobond II, Says Kenya's Debt Manageable
Nation, 25 February 2018
National Assembly Majority Leader Aden Duale has said that the multi-billion shillings loan secured by the government on Thursday was factored in the 2017/2018 budget by the… Read more »
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Kenya:
IMF Warns Over Govt's New Debts
East African, 23 February 2018
The International Monetary Fund has warned that Kenya debt is approaching the unsustainable levels following the rate at which new loans are being contracted. Read more »
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Kenya:
Govt Set to Repay U.S.$.6,5 Billion in Loans By June
Capital FM, 19 February 2018
Kenya is set to pay Sh658.2 billion in loans in the current financial year ending June 2018. Read more »
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Kenya:
Kenya May Issue New Eurobond 'Next Month' to Settle Big Debts
Nation, 18 February 2018
Kenya is likely to become the third African country to borrow from international markets this year to pay up her maturing debts after Egypt and Nigeria with offers expected to be… Read more »
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Kenya:
AfDB Warns of Kenya Debt Risk As More Loans Mature, Projects 5.6% Growth
East African, 18 January 2018
Kenya could struggle to meet its public debt obligations as more long term loans mature this year, economists at the African Development Bank (AfDB) have said, in what appears to… Read more »
InFocus
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The International Monetary Fund representative in Kenya, Jan Mikkelsen, says the government continues to have access to the standby loan of U.S.$1.5 billion since June 2017 and it ... Read more »
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Moody's Ratings Agency has in its conclusion of a downgrade review that began on October, 2017, downgraded the government's issuer rating to B2 from B1 and assigned it a stable ... Read more »