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Treasury Secretary John Mbadi has been instructed by Controller of Budget Margaret Nyakango to reduce Kenya’s GDP debt ratio to 55% by 2029. Currently, public debt has decreased from 71.9% …
Treasury Secretary Urged to Address Kenya’s Debt Burden by 2029 Read More
Kenya will delay the drawdown of a $1.5 billion loan from the UAE to align with its fiscal budget. The decision comes as the country faces increased debt service costs. …
Kenya Defers $1.5 Billion UAE Loan Withdrawal to Align with Budget Needs Read More
Kenya will delay accessing a $1.5 billion loan from the UAE to align with its budget. Finance Minister John Mbadi indicated that ongoing negotiations with the IMF are a priority …
Kenya Delays Drawdown on $1.5 Billion UAE Loan to Align with Fiscal Plans Read More
Kenya is delaying the drawdown of a $1.5 billion UAE loan to align with its fiscal plans amidst rising debt service costs. Minister John Mbadi noted the government is assessing …
Kenya Delays $1.5 Billion UAE Loan to Align with Fiscal Strategy Read More