×
App Icon
The Standard e-Paper
Join Thousands Daily
★★★★ - on Play Store
Read on the App

CBK cautions Treasury on cost of loans

CBK Governor Dr.Patrick Njoroge. [Edward Kiplimo/Standard]

The Central Bank of Kenya (CBK) has cautioned the National Treasury over the cost of refinancing the country’s debt and urged the ministry to seek cheaper options.

CBK Governor Patrick Njoroge said yesterday that while Kenya’s debt may not be a problem yet, Treasury needed to look at different sources of funding, reducing the gap between revenues and the budget and refinancing the huge dollar debts cheaply.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in