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Treasury CS reassures that the country's debt remains sustainable despite increased borrowing

18, Sep 2020

National treasury cabinet secretary Ukur Yattani has moved to reassure Kenyans that the country’s debt remains sustainable despite increased borrowing by the government. Treasury says that it has shifted away from high-interest commercial loans in favour of concessional loans with interest rates averaging 1%. Cs Yattani was speaking after receiving a 1.2 billion shilling grant from the Japanese government to be directed towards stabilizing power supply in Nakuru and Mombasa.