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Finance Cabinet Secretary Henry Rotich should be candid about the debt hole we have dug ourselves into over the past 15 years. It is easy to explain away concerns that Kenya could not settle the two-year syndicated loan due last month as a liquidity management tactic and not because Treasury needed to restructure the country’s debt portfolio.
Mr Rotich says he will get cheaper money in terms of rate on offer and tenure to settle the short-term obligation that was expensive to our debt books.
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