Kenya should stop more borrowing

Public debt

Kenya's debt crisis has been cooking since the Jubilee administration took charge.

Photo credit: File

 Debt hole • Treasury CS Ukur Yatani’s assertion that the debt ceiling will have to be increased to Sh9 trillion and the “borrowing to retire old debt is akin to digging a hole to fill another”, says Stephen Masambu. “We’re in a deep hole financially and must stop digging or else our assets will be mortgaged, as happened to the Sri Lankan port taken over by China in 2017.” His contact is


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