Kenya set to get $600 MLN from China to help fund 2015/16 deficit

Kenya will agree a $600 million loan from China to help fund a budget deficit in the fiscal year starting last July, a senior Treasury official said on Friday. East Africa’s top economy is targeting a budget deficit of 6.9 percent of GDP in the 2016/17 fiscal year (July-June), compared with a revised 8.1 percent this year, the ministry of […]

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