{"id":3592,"date":"2019-07-06T00:05:20","date_gmt":"2019-07-06T00:05:20","guid":{"rendered":"https:\/\/africasustainabilitymatters.com\/?p=3592"},"modified":"2026-01-11T05:30:23","modified_gmt":"2026-01-11T05:30:23","slug":"world-bank-warns-kenya-on-risk-of-expensive-loans","status":"publish","type":"post","link":"https:\/\/rayscohosting.best\/ASM\/2019\/07\/06\/world-bank-warns-kenya-on-risk-of-expensive-loans\/","title":{"rendered":"World Bank Warns Kenya On Risk Of Expensive Loans"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>By The East African<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The World\nBank has raised the red flag over the high cost at which Kenya and other\nAfrican countries are borrowing commercial loans, warning of future repayment\ndifficulties if the debts are not invested in productive projects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The World\nBank Vice-President for Africa Hafez Ghanem, in a wide-ranging exclusive\ninterview with the&nbsp;<em>Business Daily<\/em>, indicated that Kenya\u2019s debt level has not yet reached a\ntipping point but raises concern over low-yielding investments that do not\ngenerate enough tax revenue to repay the loans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;I\nworry about increased indebtedness in Africa,&#8221; Dr Ghanem said in an\ninterview shortly after meeting with President Uhuru Kenyatta at State House,\nNairobi, this week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;If a\ncountry wants to avoid a debt crisis, you need to make sure that the cost of\nborrowing is lower than the return on investment.&#8221;\u2026<a href=\"https:\/\/www.theeastafrican.co.ke\/business\/World-Bank-warns-Kenya-on-risk-of-expensive-loans\/2560-5184128-53h9uw\/index.html\">Read\nmore&gt;&gt;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By The East African The World Bank has raised the red flag over the high cost at which Kenya and other African countries are borrowing commercial loans, warning of future&hellip;<\/p>\n","protected":false},"author":3,"featured_media":3593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pagelayer_contact_templates":[],"_pagelayer_content":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[101],"tags":[],"class_list":["post-3592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news"],"_links":{"self":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/3592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/comments?post=3592"}],"version-history":[{"count":0,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/3592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media\/3593"}],"wp:attachment":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media?parent=3592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/categories?post=3592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/tags?post=3592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}