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No, Kenya’s debt not at ‘100% of GDP’ as economist claimed Search Polity Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the & symbol, click Advanced Search and use the search headings and/or in first paragraph options. With. Clear Search Sponsored by Sponsored by In April 2021 the International Monetary Fund found itself in an online storm as thousands of Kenyans protested a US$2.34-billion loan it had advanced to their government. Kenya’s treasury said the money would help with its response to the Covid-19 pandemic, strengthen economic reforms and reduce its future debt burden. ....
Ousted Nairobi governor wrong to say Kenya president has borrowed ‘over KSh8 trillion in eight years’ Following a cooling of relations between former Nairobi governor Mike Sonko and president Uhuru Kenyatta, Sonko took to social media to list his own achievements and the president’s flaws. He however inflated public debt. Published on 26 January 2021 Claim Verdict Analysts say Kenya’s level of public debt is concerning, but data shows it s not over KSh8 trillion as Sonko claimed on social media. Source Nairobi ex-governor Mike Sonko (January 2021) Sonko took to Facebook and Twitter to claim Kenyatta’s administration has borrowed over KSh8 trillion since 2013. ....