Kenya clears direct debt to the UK

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Nairobi clears UK debt for first time since 60s

Data from the Treasury indicates that Kenya does not owe Britain as of June compared to a debt of Sh35 million in May and Sh1.4 billion in 2015.

www.businessdailyafrica.com

 

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The drop in direct loans from the UK emerged in a period when the country opted to offer funds to agencies such as the Department for International Developlemt (DFID) and the World Bank for onward lending to developing nations like Kenya.