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Nairobi s Treasury joins borrowers paying over 10% interest to meet escalating debt service demands, At the heart of the government s plan to issue US$1.5 billion of debt at 10.375% for a buy-back deal is President William Ruto s determination to avoid protracted debt restructuring negotiations with sundry creditors. In the short term, this answers worries that Kenya would not be able to meet a $2bn bond repayment due in June.

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