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

Kenya receives Sh100 billion debt in March to repay foreign banks

[Photo: Courtesy]

Treasury borrowed Sh100 billion from a syndicate of banks, pushing up Kenya’s share of costly commercial loans, even as it plans to issue its third Eurobond before June.

Latest Statement of Actual Revenues and Net Exchequer Issues by Treasury indicates that commercial loans borrowed by the end of March increased four-fold to Sh100 billion, up from Sh25 billion in February.

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