Kenya has secured a 200 million US dollar 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-dollar 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.

Thami Ngubeni spoke to the former Deputy Secretary General of the East African Community and a practising Attorney, Mutabingwa Alois.

Kenya has secured a 200 million US dollar 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-dollar 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.
Thami Ngubeni spoke to the former Deputy Secretary General of the East African Community and a practising Attorney, Mutabingwa Alois.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Advertisement