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Kenya's economy is not doing well, Mbadi owns up

Treasury Cabinet Secretary John Mbadi. [File, Standard]

Treasury Cabinet Secretary John Mbadi has admitted that the country's economy is not doing well but said the government is working on strategies to turn the fortunes around.

He claimed past loans taken to implement long-term development projects had strained the country, but the results would be felt after 30 years. The loans have been attracting interest as the government struggles to repay loans.

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