Kenya's Public Debt Soars By $2 Billion in Six Months
The Central Bank of Kenya's report shows that external loans went up by U.S.$1,6 billion between July and December 2018, significantly outpacing the U.S.$700 million increase in domestic debt. The quick build-up of debt has raised questions over its sustainability, especially on the external loans which must be repaid in U.S. dollars and other foreign currencies.
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Kenya: Kenya's Debt is Sustainable - StanChart Economist
Capital FM, 12 February 2019
Standard Chartered Bank economists see Kenya's debt sustainability position as comfortable, provided key reforms are front-loaded. Read more »
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Kenya: Ex-Kenyatta Adviser Says Debt May Affect Growth in Kenya
Nation, 5 February 2019
Former senior executive adviser in the Office of President Uhuru Kenyatta now says Kenya overcommitted itself to debt and may struggle to curb borrowing spree in the wake of… Read more »
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Kenya: Treasury Raises This Year's Debt Target to U.S.$6 Billion
Nation, 14 January 2019
The Treasury has raised its borrowing target for the financial year ending June 2019 by Sh78 billion in the wake of below-par revenue collection in the five months to November… Read more »
InFocus
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One intriguing clause in the contract reportedly says any disputes on the loan would only be resolved in Beijing through the China International Economic and Trade Arbitration ... Read more »
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President Uhuru Kenyatta has vigorously defended the country's acquisition of loans from China, telling CNN that the debt has been used to plug an infrastructural gap that in the ... Read more »
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Kenyans urging President Uhuru Kenyatta to sign the Finance Bill 2018 amendment that will halt the introduction of 16% fuel levy have descended on him via Twitter for celebrating ... Read more »
