Kenya debt burden 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.

This historic review, the first of its kind since Independence, is set to provide a detailed breakdown of all debt accumulated by the government.

The CS pointed to the misuse of short-term loans to fund long-term projects as one of the key mistakes that plunged the country into its current econo...