Kenya has secured a 200 million US Dollars loan from the African Development Bank. The country's finance ministry says they are also in talks with the World Bank for a new 750 million dollars loan.

 The East African nation has been struggling with heavy debt- while scrambling for new financing after deadly protests in June forced it to scrap planned tax hikes worth more than 2-point- 68 billion dollars. Kenya will target a budget deficit of 3.8% of GDP in the 2025/26 financial year. The government was forced to raise the budget deficit after the deadly protests.

Channel Africa's Mabu Boloka spoke to Economist based in Kenya, Dr. Francis Sang.