KENYA: Debt Passes SH5.9 Trillion Mark

Kenya’s total public debt load is edging closer to the Sh6 trillion mark in the first week of October, as 44 new foreign loan agreements have recently been put before Parliament for approval. The total domestic debt is at Sh2.836 trillion while the total external public liability was Sh3.066 trillion, resulting in a total of… Continue reading KENYA: Debt Passes SH5.9 Trillion Mark

KENYA: President Refuses To Sign Budget Over Rate Cap

Kenyan President Uhuru Kenyatta has demanded that lawmakers remove a cap on commercial lending rates, and refused to approve the 2019/20 budget unless the limit is lifted. This was shown by a document sent to parliament from the presidency on Thursday. The decision was the latest in a running dispute over the rates cap, which… Continue reading KENYA: President Refuses To Sign Budget Over Rate Cap

KENYA: Secures $666 million Fund From China

Photo Credit: TripAdvisor

The Kenyan government has secured a 67.5 billion shillings ($666 million) fund from China to build a data centre in a tech city currently under construction as well as highway in Nairobi. Historically, Kenya has always turned to China for funds, technology and equipment to develop its infrastructure, including its biggest project since independence which… Continue reading KENYA: Secures $666 million Fund From China