The National Treasury Cabinet Secretary Ukur Yatani has revealed plans to source 150 billion shillings from local lenders to finance development projects in the country in the medium term. The CS however says his focus going forward is to start restructuring public debt portfolio and retire expensive commercial loans replacing them with concessional loans in a bid to free up funds for development. Yatani also expected the economy to grow 5.6 percent this year.
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