Ruto calls for review of loan rates for African countries

President William Ruto makes a speech at the African Climate Summit Day 2. [Stafford Ondego, Standard]

President William Ruto has asked multilateral banks to consider reviewing their terms in relation to loans lent to African countries.

Speaking during the second day of the Africa Climate Summit, Ruto said that most African countries are in a debt crisis as their interest rates are too high.