@TheEastAfrican

Kenya forced to borrow $750 million to repay loans from four banks

3 days ago, 18:04

By: Njiraini Muchira

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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Category: topnews news

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@TheEastAfrican

Kenya forced to borrow $750 million to repay loans from four banks

3 days ago, 18:04

By: Njiraini Muchira
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 ...
Read More

Category: topnews news

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Extended Form One admission to close Wednesday

Those selected during the replacement exercise will be expected to report by January 23. ...

Category: topnews news
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Passport printing grinds to a halt after power blackout

Kihalang’wa said the system was down but has since been running. ...

Category: topnews news
8 hours ago, 17:11
@CapitalFMNews - By: Racheal Mburu
Sheikh Gorsa to remain in custody for 30 days in terror probe

NAIROBI, Kenya, Jan 16 - The Muslim cleric whose arrest led to protests in Marsabit during which three people were killed, will remain in police custody fo - Kenya breaking news | Kenya news today | C ...

Category: topnews
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Prolonged electoral period and drought to dim East Africa’s growth

Inflation in Kenya, Uganda and Tanzania to remain high in 2018. ...

Category: topnews news
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Water rationing in Nairobi looms large as the reservoirs holding the city’s supplies continue to drop.The Nairobi City Water and Sewerage Company now pegs its hopes on the April long rains. Acting MD ...

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