Sign in
Download Opera News App

News Politics

 

Politics

 

Africa politics

Kenyans In Panic As China Declares This Worrying News Concerning Kenya's Debt

Kenyans have been left in great panic after China declares worrying news concerning Kenya's debt. According to governor of Central Bank of Kenya Hon.Patrick Njoronge, he advised the Senate Budget and Finance Committee yesterday that our country Kenya needed to prepare proper policy responses related to debt management which stands at 56.5 per cent of the gross product from 42 per cent in 2013 since the time when the Jubilee Government led by president Uhuru Kenyatta came to power.



Few hours after CBK governor Hon.Patrick Njoronge delivered this news, today another worrying news has emerged after CBK reveals that China now claims 70 per cent of Kenya's debt. This has left many Kenyans in worry with current situation of fuel price hike and other essential commodities.

According to reports, Kenya is supposed to now pay 70% of the total debt it owes China and that is why fuel price hiked yesterday.

Please share this information to other people, like and also leave your comments.

Content created and supplied by: @maina (via Opera News )

CBK Central Bank of Kenya China Kenya Kenyans

COMMENTS

Load app to read more comments