President Ruto takes eight new loans in four months

Prof Njuguna Ndung'u, Cabinet Secretary for National treasury and planning on October 18, 2022. PHOTO | DENNIS ONSONGO | NMG

The Kenya Kwanza administration contracted eight new loans worth Sh43.4 billion in the four months between September 1 to December 31.

Treasury says the new loans signed between the Kenyan government, and commercial bilateral and multilateral creditors will be repaid between 2030 to 2047.

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