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Originally published by The Standard Business
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July 2, 2026
2h ago

Why public finance lobbies want a continental borrowers' alliance

Why public finance lobbies want a continental borrowers' alliance

The lobby bodies in the public finance space argue that negotiating loans as a bloc would ensure Kenya and the rest of the continent is treated fairly...

✨ Key Highlights

Civil society organizations are urging the Kenyan government to spearhead the formation of a continental borrowers' alliance to negotiate fairer interest rates with multilateral lenders.

  • Kenya is currently spending approximately 70% of its collected revenue on servicing its debt, which has surpassed Sh13 trillion.
  • Key organizations involved include the Aids Healthcare Foundation (AHF) and the Health NGOs Network (Hennet), advocating for a collective approach.
  • This initiative aligns with President William Ruto's broader campaign to restructure the global financial architecture, aiming to address punitive lending practices that hinder social service spending.

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