debt distress Stories

State's high domestic borrowing draining credit for private sector – World Bank
Lucy Mumbi  |  Dec 10, 2024

The report emphasised the urgency of accelerating structural reforms, particularly in light of Kenya’s fiscal constraints.

World Bank cuts Kenya's 2024 growth estimate to 4.7 per cent on fiscal challenges
Reuters  |  Dec 10, 2024

Kenya has managed to stabilise its foreign exchange rate, boost hard currency reserves held by the Central Bank and lower inflation this year.

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