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Kenya: Debt Headache Compounds Govt's Worries
Nation, 21 April 2020
The amount of debt falling due this year has dropped by Sh29 billion after reconciliations passed through the supplementary budget by the National Treasury. Read more »
Debt Headache for Kenya as COVID-19 Adds Pressure
President Uhuru Kenyatta has said that the government has opened talks with external lenders to suspend debt during the Covid-19 crisis, as the shilling depreciates to its lowest point at 106 shillings to 1 U.S.dollar.
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Kenya: Kenya Into Deep End Over Amrouche Debt
Capital FM, 24 March 2020
If the Football Kenya Federation (FKF) does not remit Sh109 million into Adel Amrouche's accounts in the next 30 days, then the country will be barred from participating in the… Read more »
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Kenya: COVID-19, Locusts Invasion to Slow Down Kenya's GDP Growth to 3.5%
Capital FM, 20 April 2020
Kenya's Growth Domestic Product (GDP) is expected to decelerate to 3.5 percent in 2020 due to pressure on agricultural export, tourism activities, locust invasion, and COVID-19… Read more »
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Kenya: COVID-19 Risks U.S.$60 Billion Debt Repayment Plan
Nation, 29 March 2020
An ambitious debt repayment plan unveiled by the Treasury to reduce Kenya's Sh6.3 trillion debt has run into a major setback in the wake of the Covid-19 outbreak. Read more »
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Kenya: Public Debt Up Sh240 Billion in Six Months to December
Nation, 19 February 2020
The government's net domestic borrowing for the six months to December 2019 hit a fresh record on the back of fast-maturing debt and underperforming revenue receipts, official… Read more »
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Kenya: Govt Keen On Evaluating Kenya's Debt Porfolio-Yatani
Capital FM, 16 January 2020
The government is now keen to review its debt portfolio and instead prioritize seeking favorable options that will not hurt the economy. Read more »
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Kenya: Contrary to Popular Belief, Debt Could Make Kenya More Secure
Nation, 2 January 2020
Kenya raised its debt ceiling to Sh9 trillion just as yields on the Eurobonds it had floated abroad started declining. Read more »
InFocus
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The Parliamentary Budget Office says that due to the rate of financial indiscipline in recent years, Kenya is likely to breach the ceiling, which Treasury managed to push to ... Read more »
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The latest stretch of track that will eventually link the port of Mombasa to Uganda cost U.S.$1.5 billion and runs from Nairobi to the Rift Valley town of Naivasha. Critics argue ... Read more »
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Despite Kenya's heavy debt burden, National Treasury Cabinet Secretary Henry Rotich is outlining new expenditures and taxation measures to fund a Sh3.02 trillion (U.S.$29.7 ... Read more »
