Kenya: Landmines Kenya Faces As Debt Piles Up

18 December 2018

Depreciation of the shilling and slow economic growth will pose the biggest risk to sustainability of Kenya's rising debt, economists have cautioned, as taxpayers stare at record high repayments this financial year ending June 2019.

Analysts at Capital Economics, a London-based macroeconomic research firm, argue the country should sustain an annual growth of between five and six percent and iron out any volatility in the shilling against the US dollar to avert an external debt crisis in the foreseeable future.

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