THE STAR INFOGRAPHIC
Kenya paid Sh18.9 billion in loan commitment fees over eight years, highlighting the financial strain of undisbursed but committed loans.
A commitment fee is a charge imposed by a lender on a borrower as compensation for maintaining an open credit line.
It also guarantees the lender’s commitment to providing the agreed credit under specific terms and timelines, regardless of market conditions.
Taxpayers paid an extra Sh435 billion to service heavy public debt.
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