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Kenya: Outrage as Treasury Defends U.S.$740 Million Loan
Nation, 29 May 2019
The National Treasury has confirmed that it is seeking a Sh75 billion loan from the World Bank for budget support, but insists the government is not broke. Read more »
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Kenya: Kenya's Debt Rises as World Bank Approves Sh75 Billion Loan
Nation, 29 May 2019
The World Bank has approved the Sh75 billion loan request for Kenya, further raising the country's debt. Read more »
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Kenya: Broke Kenya Seeks U.S.$740 Million From World Bank
Nation, 28 May 2019
For the first time in more than a decade, Kenya has reached out to the World Bank for an urgent loan in the form of budget support. Read more »
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Kenya: KoT Beg World Bank Not to Give Broke Kenya Sh75 Billion Loan
Nairobi News, 28 May 2019
Kenyans on Twitter are spoiling for the government by warning World Bank not to loan it Sh75 billion that Treasury Secretary Henry Rotich says is needed to fund the Big Four… Read more »
Kenyans Wary of Govt's Urgent World Bank Loan Request
According to the project document on the bank's website, the loan will enable the government to crowd-in private investment and financing for affordable housing, increase farmer incomes and food security and create fiscal space to allow the government to invest in key development programmes, among other things. Most Kenyans on Twitter are warning the World Bank that the money will be looted by cartels in the government.
National Treasury Cabinet Secretary Henry Rotich on his way to Parliament to present the budget statement (file photo).
InFocus
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The new act wants to cap the public debt, and is apparently in line with regional trends. President Uhuru Kenyatta has signed three more trade agreements with China with a view to ... Read more »
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The corporation is also holding talks to finance a system that will ensure the railway, its passengers, goods and equipment travel securely through populated regions in its ... Read more »
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The Central Bank of Kenya's report shows that external loans went up by U.S.$1,6 billion between July and December 2018, significantly outpacing the U.S.$700 million increase in ... Read more »
