Kenya raises domestic borrowing target
Kenya has increased its domestic borrowing target for the current
fiscal year by 14 percent to 120 billion shillings, to fund the
implementation of a new constitution, a senior finance ministry
official said.
Kenyans passed a new charter at a referendum in August which they hope
will overhaul how the country is run by defining a new political and
governance platform.
“We will borrow 120 billion as opposed to 105 billion, which we had
expected to borrow,” Joseph Kinyua, permanent secretary at the
Treasury, told Reuters.
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