Looming cash crisis as Kenya is expected to repay debt of Sh1.4 trillion this year

National Treasury building in Nairobi.

To offset a looming cash crisis relating to ballooning debt, the government has resorted to yet another syndicated loan to offset part of the Sh1.4 trillion due this year.

Details obtained by the Sunday Standard indicate that the government has borrowed a Sh100 billion syndicated loan with two regional banks as it seeks to repay the Eurobond it took three years ago.