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Borrowing spree continues as Treasury secures Sh134 billion loan

Treasury Cabinet Secretary Henry Rotich

The National Treasury is borrowing Sh134 billion ($1.3 billion) from international lenders as it completes its calendar for foreign funding to seal budget holes.

International news wire Bloomberg quoted a highly-placed source within Treasury who said borrowing of $800 million (Sh82.8 billion) from four lenders was completed yesterday.

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