Kenya: Kenya Set to Face Uncertain Economic Times as Investors Hold Back on Capital

Investors have predicted that President William Ruto’s plan to borrow more after withdrawing the Finance Bill will see Kenya’s economy experience tougher times.

An analysis by the Africa Report on Monday revealed that Kenya’s capital costs may increase as a result of the decision to borrow more and the uncertainty that surrounded the figures before a final settlement on July 5.

During a roundtable interview, the President had stated that Kenya would have to borrow Ksh1 trillion to…