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Uhuru’s silence on IMF facility hits market but Rotich upbeat

President Uhuru Kenyatta at a past function.

The financial market was jolted by yesterday’s announcement that the country had lost access to a Sh100 billion precautionary loan from the International Monetary Fund.

Kenya had secured a six-month extension in March of the Sh100 billion ($989.8 million) arrangement, agreed in 2016 to help cushion the economy in case of unforeseen external shocks.

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