Uhuru Kenyatta has approached the Trade and Development Bank (TDB) for
a loan to pay off its five year Eurobond that is maturing in 2019.
seeking approximately $800 million (Kshs80 Billion) and $1 billion
(Kshs100 Billion) to offset some of the debts.
supposed to be paid within a period of 7 years, will have an interest that is
higher than other loans including the Eurobond.
easier and quicker to process, and the Government is under no obligation to
reveal the loans’ details to the public.
Kenyans, World Bank and IMF worried as to how the loans will be repaid.
The Kenyan DAILY POST