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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.

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 »
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 »
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 »
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 »
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 »
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 »