Kenya’s external debt Stories
The latest figures place the debt at 63 per cent of the country’s Gross Domestic Product (GDP), well above the recommended ceiling of 55 per cent.
External debt during the same period rose marginally by Sh70 billion to Sh5.23 trillion.
CBK data shows Kenya's public debt hit Sh10.027 trillion in the last week of June 2023, effectively breaching the then statutory debt ceiling which wa...
Mbadi highlighted that the ongoing fiscal consolidation strategy aims to boost revenue while curbing excessive spending.
China received more in debt payments than multilateral lenders, including the World Bank and the African Development Bank.
Kenya’s debt service costs on external debt more than doubled in 2023, rising from Sh403 billion to Sh839 billion. This sharp increase was attributed...
The sharp rise in the cost of loans is attributed to the shift from concessional financing to more expensive and short-term commercial debt.
