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Kenya asks IMF for precautionary loan of about Sh65 billion

National Treasury CS Henry Rotich at past function (PHOTO: File)

Kenya has asked the International Monetary Fund for a precautionary loan of about $750 million to help it deal with any future shocks to the economy, the IMF's resident representative said on Monday.

Armando Morales told Reuters the request was contained in a letter from the Kenyan government received by the IMF last Friday.

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