Ruto directs Treasury CS on new borrowing as debt distress beckons
Kenya is banking on a concessional borrowing from potential creditors to help itself re-profile its liabilities including swap of expensive loans.
In what appeared as blacklisting of expensive creditors, the President William Ruto said Friday that he is not interested in a market that would offer Kenya credit at more than 10 percent.
25 Apr 2024
- He stated that he received a call from his father, after arriving in Nigeria alerting him of the situation.
25 Apr 2024
- Kenya Power also revealed the locations where the services will be offered for free.
25 Apr 2024
- Residents of the area, have warned that the area is a potential hazard.
26 Apr 2024
- Israel stepped up airstrikes on Rafah overnight after saying it would evacuate civilians from the southern Gazan city and launch an all-out assault despite allies' warnings this could cause mass casualties.
26 Apr 2024
- At least 118 inmates escaped from prison after heavy rains on Wednesday night damaged the facility in Suleja near the Nigerian capital, a prison service spokesperson said.
26 Apr 2024
- Tanzania on Thursday dismissed as "unfounded" allegations of killings, rapes and the planned evictions of over 20,000 people that led the World Bank to suspend funding for a $150 million (Ksh.20.2 billion)conservation project.
26 Apr 2024
- City preacher James Wanjohi and three directors of two companies allegedly involved in scamming thousands of Kenyans over Ksh. 1 billion with a promise to help them secure jobs abroad and travel visas have been stopped from leaving the country.
26 Apr 2024
- Former National Enquirer publisher David Pecker testified at Donald Trump's criminal trial on Thursday that he worked out a deal that would allow Trump to buy the silence of a former Playboy model who said she had an affair with him but called it off.
26 Apr 2024
- China on Thursday sent three astronauts to its permanently inhabited space station for a six-month stay, in a regular rotation of Chinese astronauts onboard the "Tiangong" orbiting high above the Earth's atmosphere.
26 Apr 2024
- Siaya Governor James Orengo has hit out at EACC CEO Twalib Mbarak over his thinly-veiled remarks intimating an ongoing graft probe in the devolved unit.
26 Apr 2024
- Siaya Governor James Orengo has hit out at EACC CEO Twalib Mbarak over his thinly-veiled remarks intimating an ongoing graft probe in the devolved unit.
26 Apr 2024
- Despite a court order stopping the government from intimidating or firing striking doctors, some striking medics’ have received dismissal letters and have had their salaries for the period they have been on go-slow withheld.
25 Apr 2024
- At least 177 suspected members of a criminal gang have been arrested in Mombasa following a multi-agency operation conducted in the last 48 hours.
