Loan repayment break to free up cash for pressed counties

Cabinet Secretary for National Treasury and Planning Hon. Amb. Ukur Yatani speaking during the agreement signing ceremony for MSME credit guarantee Scheme. [Wilberforce Okwiri, Standard]

The Sh60 billion that Kenya will save from debt repayment holidays will go towards offsetting other spending obligations, including disbursement to counties.

National Treasury Cabinet Secretary Ukur Yatani (pictured) yesterday said the country would save close to Sh27 billion after China agreed to a standstill on debts due to Beijing between January and June.