Ruto’s errand boy states why Kenya gets loans easily

Kenya is acquiring loans at a very first rate. Just overnight Kenya was able to secure a third Eurobond.

Kenya has sold a Sh210 billion Eurobond, the third in five years, despite rising concern over its ability to service its debt burden.

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The National Treasury Cabinet Secretary Henry Rotich says in a statement dated May 15, that the issuance “triggered an overwhelming response from investors” leading to an oversubscription of 4.5 times.

But why is it easy for Kenya to receive loans?

According to Dennis Itumbi who is currently serving The Deputy President William Ruto as the Online Strategist, Kenya gets the loans easily because Kenya still enjoys strong investor confidence.

But it is true, Kenya has been creating good relationship with other nations which makes it easy for the country to be trusted with huge amounts of loans.

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