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Government borrows Sh223.5 billion in five months

The 1,000 Kenyan Currency note. [Wilberforce Okwiri, Standard]

President William Ruto's government has taken 11 new loans worth Sh223.54 billion in the last five months, a report by the Treasury has revealed.

The loans were contracted from September 1, 2023, to January 31, 2024, all but one of the loans have been procured from multilateral lenders while the remaining one is from commercial lenders.

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