Debt burden: Inside Treasury's plan to trap Kenya with billions in hidden debt

🇰🇪 The Standard Kenya (KE) —
Debt burden: Inside Treasury's plan to trap Kenya with billions in hidden debt

AI Summary

Kenya's government is reportedly planning to utilize an increased fuel levy to secure funding for road projects, raising concerns about the nation's mounting debt. This strategy puts additional financial strain on motorists and maintenance budgets.

The government plans to use an extra Sh5 from the fuel levy as collateral to raise Sh120 billion for road projects, increasing pressure on motorists and road maintenance funds.

Politics Markets Deals Kenya debt government fuel levy finance road projects

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