Kenya: Lawmakers Move to Tame Heavy Borrowing in Kenya

Kenyan lawmakers are close to agreeing on legislation that will halt excessive government borrowing and do due diligence on debt-funded projects.

Some projects have become cashcows for unscrupulous state officers, and there are concerns about the economic viability of the Ksh162 billion ($1.48 billion) Nairobi-Naivasha section of the standard gauge railway line whose repayment is due later this month.

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