Kenya loses Sh87 billion by shunning a debt relief offer from G20 countries

Treasury Cabinet Secretary Ukur Yatani. [ File, Standard]

Kenya has lost Sh86.6 billion after refusing to take an offer to have its debt service suspended by the group of 20 richest countries, according to a new World Bank report.

This is nearly enough to pay for the ongoing road construction in the next 12 months as tax revenues dwindle following the adverse effects of Covid-19 pandemic.