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.

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.

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