Kenya forced to borrow $750 million to repay loans from four banks
3 days ago, 18:04
Kenya has been forced to borrow $750 million to assuage fears by lenders about the country’s ability to service its mounting debt. The loan from the Trade and Development Bank — formerly PTA Bank — is reflected in the latest Quarterly Economic and Budgetary Review for the period ending September 30, 2017, which was released in November. Sources said the loan came about as four lenders of a $800 million syndicated loan frowned at Treasury’s request for an extension to April this year to settle th ...
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