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IMF · KenyaKenya’s Treasury said the switch aims to hedge against US dollar volatility and align repayment flows with Chinese import and project spending, which are largely yuan-denominated. The currency swap immediately reduces near-term debt-service costs.See the Story
Kenya Converts $3.5bn China Exim Railway Loans Into Yuan, Saving $215mn Annually; Eyes New IMF Deal
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Africa · KerichoNAIROBI, Kenya Oct 7 – The Parents and Teachers Association (PTA) of Litein Secondary School has instructed lawyers to file an urgent High Court application to block the school management from demanding Sh69 million in compensation after a recent student strike. Lawyers Danstan Omari, Samson Nyaberi, and Shadrack Wambui said they will challenge what they describe as an excessive and unjustified financial demand on parents. The School, which has …See the Story