Naema Tandao 
BRIAN MANG’OLI
A report from the treasury to parliament shows that the government borrowed 223.5B in 5 months for financing various projects between september 2023 and january 2024.
The bulk of loans were borrowed from multilaterals and another from a commercial lender and kenya is expected to have cleared all the loans by 2053.
A report from the treasury to parliament shows that the government borrowed 223.5B in 5 months for financing various projects between september 2023 and january 2024. The bulk of loans were borrowed from multilaterals and another from a commercial lender and kenya is expected to have cleared all the loans by 2053.
The (IDA) international development association and the government of kenya signed a loan of 5.8B the loans were also intense to support kenya’s north eastern province in achieving its full socioeconomic potential and creating new job opportunities brought about by new transformation.
The IDA also advanced the government of kenya under thekenya and urban support program into loans which were marked to improve service delivery and resettle refugees and the loan is expected to be paid in Euros by october 2034.
The back loan was borrowed under the kenya green resilient loan intended to strengthen financial standings and expand access to electricity countrywide. The loan were advanced by the IDA expected to be paid in Euros April 2053
