Higher disbursements from the African Development Bank underscore Kenya’s growing shift towards multilateral financing amid mounting debt pressures.
By
Vincent Owino
Business & Technology Reporter
Nation Media Group
Kenya has overtaken Nigeria to become the continent’s third-largest recipient of funding from the African Development Bank (AfDB), highlighting the country’s growing reliance on multilateral loans amid economic pressures.
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Kenya has overtaken Nigeria as Africa’s leading destination for startup investment, marking a major shift in the continent’s...
• Puts Africa’s annual development financing gap at $1.3 trillion
Official government data shows that Kenya's public debt is racing towards a record of Sh13 trillion.
Africa’s development financing gap has widened to more than $1.3 trillion annually despite the continent remaining one of the…
New Nigerian banking rules capping foreign ownership are reshaping regional expansion plans, but lenders say their Kenya…
Five African countries rank among the world’s top 10 borrowers from the World Bank’s concessional lending arm, collectively…
