President Uhuru Kenyatta has written off Sh2 billion coffee debts during his Kirinyaga tour on Tuesday. Uhuru asked the farmers to collect the title deeds they had deposited offered as security. The National Debt Write-off Programme was launched by President Uhuru Kenyatta, then Finance minister, in December 2011. The Treasury released Sh797 million to eight financial institutions and unions, which loaned the money to farmers. Last financial year, the government set aside Sh500 million for the debt write-off.

Source: The Star November 29, 2016 12:05 UTC