President Ruto looks East to get Kenya affordable project financing
Kenya’s President William Ruto places incense in an urn at the National Cemetery in Seoul on November 23, 2022. Ruto doesn’t like debt. He just wants the government to have enough money. PHOTO | ANTHONY WALLACE | AFP
Kenya’s President William Ruto doesn’t like debt. He just wants the government to have enough money.
Earlier in November 11, he told a stakeholder’s workshop on pensions in Nairobi that the government will not be borrowing any money at a rate of more than 10 percent from local markets. This drew sharp criticism from money market players who trade in treasury Bonds, who alleged that the government was discouraging lending. Governments borrow locally through treasury Bonds.
