Category: External
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Net external borrowing to halve to Sh167bn in next financial year
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Kenya’s net external borrowing in the next fiscal year (2025-26) is expected to more than halve to Sh166.7 billion, from Sh355.5 billion in the current year, thanks to a sharp increase in repayments of original debt that will have to be rolled over using new borrowing. Financial forecasts published by…
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Treasury to spend Sh69bn on July external debt repayments
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Kenya plans to spend about $533 million (Sh69 billion) on external debt servicing this month, putting fresh pressure on foreign exchange reserves recently replenished with proceeds from a World Bank loan. Public debt data compiled by the Bretton Woods Institution shows that semi-annual payments to China for loans contracted since…
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LocalMonero exchange shutters due to ‘internal and external factors’
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LocalMonero, one of the largest centralized peer-to-peer platforms for XMR trading, is shutting down its services amid the global crackdown on privacy-focused tokens. The central peer-to-peer marketplace for trading Monero (XMR), LocalMonero, is shutting down its services, citing “internal and external factors” as the reason behind the move. in Blog…