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Kenya secures a 200 million US dollar loan from the African Development Bank

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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.

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