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Top news items in Kenya's major media outlets

Xinhua,February 23, 2018 Adjust font size:

NAIROBI, Feb. 23 (Xinhua) -- The following are the news highlights in Kenya's major media outlets on Friday.

-- Kenya on Thursday raised 2 billion U.S. dollars in a fresh Eurobond as the country's appetite for loans soared.

The bond, the second in four years, raises Kenya's external debt and would cost taxpayers 3.2 billion dollars in interest payments for its 30-year lifetime. The new bond was issued even as controversy still surrounds the usage of the first 2 billion dollars raised in the same fashion.

The government was upbeat about the new bond that was oversubscribed by 700 percent and announced that the money would be used to finance development projects and repay earlier debts. (The Standard)

-- More than 5,000 government-sponsored students who were placed in private universities in September last year failed to take up their slots. Out of 17,368 students selected, only 12,000 took the slots, with the others said to have joined other institutions. (Daily Nation)

-- The number of MPs is likely to shoot up, further soaring the country's wage bill if a proposed constitutional amendment sails through. (The Star) Enditem

 

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