Uhuru's Sh25bn stimulus for jobs before elections

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Uhuru bars CRB listing of less than Sh5m loans in recovery plan

Borrowers defaulting on loans of less than Sh5 million will not be blacklisted at the CRB while those already blacklisted will be dropped in a bid to cushion businesses recovering from covid-19 hardship. The president announced the suspension of CRB listing for loans that were defaulted from last October and the relief from blacklisting will last to September next year.



Uhuru's Sh25bn stimulus for jobs before elections

President Uhuru Kenyatta yesterday unveiled a Sh25bn economic stimulus package to jump-start the economy, create jobs, and pacify his political base ahead of the 2020 General election. The stimulus package will mainly seek to widen the market and offer better produce prices to tea, coffee, sugar, livestock farming - sub-sector that are critical in putting money in peoples' pockets or improving purchasing power. The president also announced the third phase of Kazi Mtaani28E70B0F-0981-4198-AAD3-72408A9C1D6D.jpeg
 

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