Kenya to cut down on borrowing to make repayments more bearable - Basic Storylines
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Kenya will reduce its borrowing from capital markets in the next three years to make its repayments schedule more bearable, a senior treasury official said on Monday.
Geoffrey Mwau, the Economics Adviser to the Finance Minister, told reporters in Nairobi that the country would focus more on concessional borrowing.
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President Uhuru Kenyatta’s government has been criticized for ramping up borrowing since coming to power in 2013.
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