• Privacy Policy
  • Terms
  • About us
  • Contact Us
Tuesday, February 7, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Foreign

Kenya pays $1.2bn in 2021 to service foreign loans

Kenya

The Matters Press by The Matters Press
February 21, 2022
Reading Time: 1 min read
0
Intimidation, cyber-bullying by loan sharks

Kenya treasury on Monday reported that the country paid 137 billion shillings (about 1.2 billion U.S. dollars) in 2021 to service its external debt.

RELATED POSTS

Lagos to spend 27.3% for modern infrastructure

Manufacturers reward media practitioners, seek partnership to revive sector

Zenith Bank shuts some branches over attacks, lack of new naira notes

In its report, the Treasury said the money comprised 704 million dollars for the principal amount and 496 million dollars for interest.

In dollar terms, external public debt stock increased from 34.7 billion dollars as at December 2020 to 36.9 billion dollars by the end of 2021, said the Treasury.

ALSO READ  Expert urges Nigeria to seek alternative project financing rather than loans

This comprised debt owed to multilateral lenders (42.7 per cent), commercial banks (29 per cent), bilateral sources (28.1 per cent) and suppliers’ credit (0.3 per cent), according to the government agency.

According to the treasury, in a report titled quarterly economic and budgetary review for the period ending December 2021“the rise is attributed to increase in external loans disbursements and exchange rate fluctuations.’’

Kenya’s gross public debt increased by 8.14 billion dollars in 2021, ending the year at 72 billion dollars, according to the Treasury.

The debt comprised 50.9 per cent external debt and 49.1 per cent domestic.

Tags: KenyanLoans
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Lagos to spend 27.3% for modern infrastructure
Economy/Technology

Lagos to spend 27.3% for modern infrastructure

February 7, 2023
MAN concerns over CBN’s e-invoicing guidelines, calls for 90 days extension
Economy/Technology

Manufacturers reward media practitioners, seek partnership to revive sector

February 7, 2023
Zenith Bank unveils N765.6bn gross earnings
Economy/Technology

Zenith Bank shuts some branches over attacks, lack of new naira notes

February 7, 2023
Buhari unveils redesigned naira notes
Economy/Technology

Zenith Bank shuts some branches over attacks, lack of new naira notes

February 7, 2023
Nigeria key to African blue economy – Korean envoy
Economy/Technology

Nigeria key to African blue economy – Korean envoy

February 7, 2023
Nigeria to rebase CPI, GDP
Economy/Technology

Agriculture accounts for 23.78% of GDP

February 7, 2023
Next Post
Buhari performs ground breaking of Natural Gas Train 7 in Bonny

Tanzania LNG project making good progress- Shell

800 firms compete to manage gas flare sites

Emerging Trends in Africa’s Hydrocarbon Landscape

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

A transformed fertilizer market is needed in response to the food crisis in Africa

Foundation ready to sustain gains of PBR cowpea

February 6, 2023
Buhari launches eNaira, first digital currency in Africa

How preferences, policies dwindle Naira value

March 26, 2022
Nigeria, WFP worry over food situation

Rising costs of food, cooking gas worry Nigerians

October 21, 2021

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Lagos to spend 27.3% for modern infrastructure
  • Manufacturers reward media practitioners, seek partnership to revive sector
  • Zenith Bank shuts some branches over attacks, lack of new naira notes

Categories

  • Economy/Technology
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?