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Kenya to cut down on borrowing to make repayments more bearable

Kenya to cut down on borrowing to make repayments more bearable

Kenya will reduce its borrowing from capital markets in the next three years to make its repayments schedule more bearable, a senior treasury official said on Monday.

Geoffrey Mwau, the Economics Adviser to the Finance Minister, told reporters in Nairobi that the country would focus more on concessional borrowing.

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President Uhuru Kenyatta’s government has been criticized for ramping up borrowing since coming to power in 2013.

Continue reading Kenya to cut down on borrowing to make repayments more bearable at Vanguard News.


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