NAIROBI, Kenya, Jan 11- Kenya is among countries that have benefited from debt service suspension from 10 countries including France, Japan and the United States of America among others.

The announcement was contained in a letter by the Paris Club creditors which said Kenya had qualified for a debt service suspension.

The suspension will be in effect from January 1 to June 30, 2021.

The Paris club is an informal group of official creditors which was formed in 1956 and its role is to find coordinated and sustainable solutions to the payment difficulties experienced by borrower countries.

“The Government of the Republic of Kenya is also committed to seek from all its other bilateral official creditors a debt service treatment that is in line with the agreed term sheet and its addendum. This initiative will also contribute to help the Republic of Kenya to improve debt transparency and debt management,” part of the statement read.

Other members of the Paris Club include Belgium, Canada, Denmark, Germany, Italy, the Republic of Korea, and Spain.

Observers to the agreement were representatives of the governments of Australia, Austria, Brazil, Finland, Ireland, Israel, the Netherlands, Norway, the Russian Federation, Sweden, Switzerland and the United Kingdom.

Currently, Kenya’s public debt is above 8 trillion Kenyan shillings.

Advertisement. Scroll to continue reading.

Emci-Hub Technologies Ltd

By Prof. Joel Barasa

The Catholic University of Eastern Africa (CUEA) Faculty of Computer and Informatics, School of Science P. O. Box 62157-00200 Nairobi -Lang’ata Main Campus Email: Phone: +254705451853/+254769257365 LinkedIn: GitHub: Websites: and Mr. Barasa I. Joel is a Kenyan citizen by birth. He is currently an adjunct lecturer and an IT specialist in Curriculum studies in the Catholic University of Eastern Africa (CUEA). Mr. Joel holds Post Graduate Program (EPGP) in Data Science, Business Analytics & Big Data in association with IBM which is India's first and the best Masters in Data Science from mUniversity, Aegis School of Business, Data Science, Cyber Security & Telecommunication. He also holds a Degree in BSc. Information Technology from the University of Kabianga, a Professional Certification CCNA and Data Analysis from the University of Kabianga. Joel is senior Software Developer with over 5 years worked on many projects like Kenbright Insurance, Rongo University eLearning portal, participated in integration of DHIS2 health IT systems at Kericho District Referral Hospital and served as H.O.D ICT department Okame college. Joel is an assessor and verifier in TVET CDACC curriculum implementation.

Leave a Reply

Your email address will not be published. Required fields are marked *

Translate »
error: Content is protected !!