National Treasury Cabinet Secretary Henry Rotich is walking a tight rope with regard to the country’s debt and intends to cut back on foreign loans. Sh250 billion EurobondNational Treasury Cabinet Secretary Henry Rotich is walking a tight rope with regard to the country’s debt and intends to cut back on foreign loans. Treasury planned to raise Sh280 billion in external debt before June to help plug the 2018/19 budget shortfall, even as it stares at more than Sh200 billion in maturities. In the same period, the country saw its stock of external debt rise by Sh1.63 billion. Kenya is staring at another Sh37.1 billion loan repayment owed to TDB maturing in June.

Source: Daily Nation February 19, 2019 02:37 UTC