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Headline: Covid-19 - How Govt Took U.S.$42 Million Loan Every Day

Snippet: Kenya borrowed Sh4.5 billion every 24 hours in the first three months of the Covid-19 pandemic, in a debt accumulation spree rarely witnessed in any East African country. Backed by modelling simulations by Health ministry experts, who projected millions of corona infections, Kenya went all out to secure a financial war chest. With a worst-case scenario of hundreds of ...

Source:Nation (2020-09-09)

URL:https://nation.africa/kenya/news/kenya-took-sh4bn-loan-every-day-1935158

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