Kenya takes 10 new loans between April and August

Ministry of National Treasury and Planning Cabinet Secretary Ukur Yatani. PHOTO | FRANCIS NDERITU | NMG

Kenya took ten new loans from commercial, multilateral, and the international sovereign bond market in the five months to August as it races towards the Sh9 trillion debt ceiling.

A new document presented to Parliament by the National Treasury Cabinet Secretary Ukur Yatani shows that the government contracted loans totalling Sh293.55 billion between April 1, 2021 and August 31, 2021.

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