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External debt ceiling raised to Sh1.2 trillion

THE government can now borrow Sh1.2 trillion from external sources after outgoing MPs passed a motion to raise the country's external indebtedness. Before breaking, the house passed the motion by Finance minister Njeru Githae seeking to raise the country's external debt ceiling from Sh800 billion to Sh1.2 trillion. The minister argued that this is necessary to enable the country access the required funds for infrastructure projects such as roads, water and energy...

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