Kenya: More debt pile up as Treasury takes Sh52bn long-term loan

The Treasury has signed a $500 million (Sh51.5 billion) long-term loan agreement with the African Export-Import Bank (Afreximbank) and Trade and Development Bank (TDB), formerly PTA Bank, pushing Kenya further into debt. The two-tranche syndicated loan deal was closed on Monday in Nairobi by the Treasury. The facility, for which Afreximbank and TDB acted as joint…

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ACTUALITÉ AFRICAINE À TOUTE HEURE

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