Kenya’s tough finance balancing act

The National Treasury building in Nairobi, Kenya.

Photo credit: File| Nation Media Group

So, what is the state of the government’s finances? First, some news. I gather from top National Treasury officials that Kenya has decided to delay plans to access the $1.5 billion it has been negotiating with Emirati sovereign wealth fund.

National Treasury officials will not openly admit it but it seems the fear is that a deal with the Emirati’s right now may complicate existing arrangements with the International Monetary Fund.

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