Kenya’s commitment fees on external loans hit Sh834m

The National Treasury building in Nairobi.  

Photo credit: File | Nation Media Group

Commitment fees Kenya paid on untapped external loans hit Sh833.85 million in the six months to December 2023 driven by a weak shilling.

This places the cost of commitment fees in the financial year 2023/24 on course to surpass the Sh1.35 billion that was paid for the same in the entire 2022/23.

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Note: The results are not exact but very close to the actual.