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Kenya: The Sad Tale of the Country's Debt Nightmare
Nation, 9 June 2020
The major assignment of the Jubilee administration's two Treasury chiefs has been to raise the debt ceiling. Read more »
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Kenya: Taxpayers to Bailout KQ as It Sinks Into a Further U.S.$130 Million Loss, and Still Grounded
East African, 2 June 2020
Kenyan taxpayers are set to feel the full weight of owning a bigger stake of the national carrier, as the airline reported a $130 million (Ksh13 billion) full-year loss at a time… Read more »
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Kenya: Loans to Kenya Hit U.S.$1,2 Billion After AfDB Lends Govt U.S.204,7 Million
Capital FM, 23 May 2020
Kenya will receive a €188 million - Sh21.9 billion - loan from African Development Bank to support its efforts to respond to the COVID-19 pandemic and mitigate the related… Read more »
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Kenya: World Bank Lends Kenya $43m for Locusts Fight
East African, 22 May 2020
The World Bank on Thursday approved a $43 (Ksh4.5 billion) loan to Kenya to help in combating locust swarms that are destroying crops in Eastern Africa. Read more »
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Kenya: Local Debt Grows With Sh106 Billion Bretton Woods Loan
Nation, 21 May 2020
Kenya has engaged the voracious borrowing gear that has characterised the Jubilee government's reign once again, thanks to the Covid-19 pandemic. Read more »
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Kenya: Kenya Should Renegotiate Its Foreign Debts, Says Mudavadi
Nation, 18 May 2020
Amani National Congress (ANC) party leader Musalia Mudavadi wants Kenya to renegotiate bilateral and multilateral debts with its external lenders, including those in the Eurobond… Read more »
The Sad Tale of Kenya's Debt Nightmare
Kenya's debt bill has shocked parliament, which has, for the past eight years, acted as cheerleader for the National Treasury's borrowing spree that has never been seen in any East African nation before. By the end of this month, Kenya's total public debt is expected to close the financial year at U.S.$60 billion, writes Paul Wafula for The Nation.
InFocus
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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 ... Read more »
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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 »
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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 »
