×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Government borrows Sh223.5 billion in five months

Vocalize Pre-Player Loader

Audio By Vocalize

The 1,000 Kenyan Currency note. [Wilberforce Okwiri, Standard]

President William Ruto's government has taken 11 new loans worth Sh223.54 billion in the last five months, a report by the Treasury has revealed.

The loans were contracted from September 1, 2023, to January 31, 2024, all but one of the loans have been procured from multilateral lenders while the remaining one is from commercial lenders.

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
Business
Sh22b tax claim at the centre of Tullow's Turkana oil sale deal
Real Estate
Affordable housing: What Kenya can learn from American model
Shipping & Logistics
Why KPA is in the spot over plan to outsource port services
Real Estate
Why surveyors oppose nomination of National Land Commission members