January 6, 2020 / 6:36 AM / 20 days ago

Kenya to refinance or change commercial debt with cheaper options

NAIROBI, Jan 6 (Reuters) - Kenya plans to refinance or substitute commercial loans with cheaper options from friendly nations or development financiers, its acting finance minister said on Monday.

“I also intend to restructure debt stocks by refinancing or substituting commercial elements with concessionary ones,” Ukur Yatani wrote in an opinion piece published in the local Daily Nation newspaper.

Reporting by Duncan Miriri and George Obulutsa Editing by Shri Navaratnam

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