Kenya to pay IMF Sh25 billion in interest and fees by April

Cabinet Secretary, National Treasury & Economic Planning Njuguna Ndung'u on May 17, 2023.  

Photo credit: File | Nation Media Group

Kenya will pay an estimated Sh25 billion in interest and fees to the International Monetary Fund (IMF) in the 12 months ending April 2024.

The lender has revealed that it expects to earn about two percent of its lending income from Kenya in the financial year 2024, making the country one of its top revenue earners.

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