Is Kenya Becoming Debt Distressed?

A Member of Parliament has warned that Kenya risks joining Africa's growing list of defaulters as the country's debt balloons. Ndindi Nyoro, formerly an ally of President William Ruto, said any indication that Kenya is unable to service its debt could be "more catastrophic to our economy".

Nyoro has increasingly distanced himself from the Ruto government and opposed the removal from office of former deputy president Rigathi Gachagua.

The MP has also criticized the government's tax regime, saying it has backfired on the economy: "Increasing taxes to get more revenue is a fallacy...you end up distorting economic decisions".

InFocus

African debt

InFocus

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