Kenya is in discussions to secure a significant $1.5 billion commercial loan from the United Arab Emirates, with an interest rate of 8.25% and a seven-year tenure. Finance Minister John Mbadi asserts this deal is more favourable than a previous Eurobond, which had a higher rate of 10.7%. But with a growing budget deficit, is this the best solution for Kenya's economic challenges? In this video, we speak with Prof. XN Iraki from the University of Nairobi to unpack the implications of this loan, its impact on Kenya's debt sustainability, and what it means for the country’s growth. We explore the potential risks and benefits of relying on foreign loans amid ongoing fiscal challenges.

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