Archive | November 7th, 2019

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Senate Gives Green light to raise Kenya’s debt ceiling to Ksh.9 trillion

The Senate voted on Wednesday, to raise the government’s borrowing ceiling to 9 trillion shillings ($87.29 billion). The motion to raise the government’s debt ceiling garnered the support of 30 of the 47 senators. The Ksh.9 trillion borrowing ceiling will replace the current threshold of debt in net present value (NPV) at no more than 50 percent of […]

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