Unfortunately for him, Kenya’s debt bubble is bursting in his face. The most pressing problem currently is the dollar shortage, and it’s linked to heavy government borrowing. When Uhuru’s government came into
"Kenya is currently not under any risk of debt distress," Adesina said during a meeting with Henry Rotich, Kenya's Cabinet Secretary in the National Treasury. Adesina noted that AfDB has been providing financial assistance to Kenya since 1967 and its current portfolio of projects in the East A...
We have also said that we will now be approaching China, who is not a member of the Paris Club, to also suspend debt service so that comparability of treatment is achieved, Without a doubt, these are positive developments for cash-strapped Kenya. But it is important to put this debt...
For example, although Kenya (KEN) had an encouraging level of democratic accountability, it also experienced a high level of corruption over the same period (an average periodic score of 2 out of 6). By contrast, South Africa (ZAF) and Madagascar (MDG) were the most democratic and least ...
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With the Russia-Ukraine war showing no sign of ending, Kenya has adopted what political analysts refer to as “strategic ambiguity” to please the two protagonists and ensure the country benefits from both sides. Will the new approach succeed?
We established that, in many instances, the World Bank’s project documents emphasise the potential of health PPPs as an innovative health financing mechanism (e.g. in Congo, Eswatini, Kenya and Niger). Moreover, we note that health PPPs are often promoted in projects that seek to ...
Kenya has one of the highest levels of fintech penetration in the world, propelled largely by the explosive success of one fintech: M-Pesa. Launched in 2007, M-Pesa made it easier for Kenyans—and later, people in other countries—to use their mobile phones to reliably and quickly pay ...
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NAIROBI, Kenya -The shortage of US dollars in Kenya is making State-owned enterprises unable to pay their foreign debts on time. Most of these state-owned are facing a non-guaranteed foreign currency debt worth KSH 75 billion which is exposing them to higher financi...