UAE’s Loan to Plug Kenya’s Budget Deficit

Kenya is set to receive a $1.5 billion loan from the United Arab Emirates (UAE) by the end of next week, according to sources familiar with the matter. This funding aims to bridge Kenya’s budget deficit, which widened after the government abandoned planned tax hikes due to public protests. The loan, carrying an interest rate… Read More »UAE’s Loan to Plug Kenya’s Budget Deficit

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daily maverick - 13/Feb 20:53

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