Kenya: External Debt Drops By Sh37 Billion After Shilling Gains Against U.S. Dollar

Kenya's overall external debt dropped by Sh37 billion in the six months to December following the strengthening of the shilling despite increased borrowing by the Treasury.

External debt dropped from Sh722 billion in June to Sh685 billion helping to ease pressure on the Treasury whose burden has increased as the cost of servicing external debt rises.

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