×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Read on the App

Questions raised as Government defers payment of $600m loan

Treasury Cabinet Secretary Henry Rotich. [PHOTO: FILE/STANDARD]

By James Anyanzwa and Reuters

Could the economy be in financial distress? This is the big question among economists after the Government moved to reschedule a $600 million (Sh52.2 billion) syndicated loan. The National Treasury received a three-month extension on the commercial debt after its debut $2 billion (Sh174 billion) Eurobond was delayed.

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • 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