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Government borrowing: Interest down to 10% from 15%
Government is back on the credit market where its sourcing financing at a rate of 10% down from 15% on average.

Government is back on the credit market where its sourcing financing at a rate of 10% down from 15% on average, a move that market analysts argue could keep off international investors keen on its securities and bonds.

In this new financial year, government disclosed that it would source slightly below a trillion shillings from the domestic market, to bridge its funding deficits. Last week, government auctioned securities worth Shs165 billion. 

However, fears are wide that in light of the prevailing slowdown of the economy undermining revenue collection, government may still seek more money from the domestic market, against private sector requirements.