Debt: It’s poor management, not size

National Treasury Cabinet Secretary Henry Rotich appears before the National Assembly's Finance and National Planning Committee on September 19, 2018. The only way out of the current budget problems and a potential debt crisis is to manage the debt portfolio well. PHOTO | JEFF ANGOTE | NATION MEDIA GROUP

What you need to know:

  • The World Bank’s latest review has pointed out the weak capacity of the Debt Management Office (DMO) and its lack of clear leadership and accountability.
  • The refinance risk the government is carrying with a huge holding of Treasury bills could potentially allow it to roll over the domestic debt much cheaper if it reduced its borrowing.

In the university, a supplementary exam is a second chance to pass a subject. Students would normally cut short their holidays to sit ‘sups’.

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