Concern over Kenya’s debt as it hits new record of Sh4.57trn - VIDEO

What you need to know:

  • Official data shows total public debt stood at Sh4.57 trillion at the end of December 2017 as the build-up of massive borrowing that began five years ago continued unabated.
  • The mountain of debt comprises of 51.9 per cent of foreign loans and 48.1 per cent of domestic loans and does not include recent borrowings, such as last week’s Sh210 billion Eurobond.  

Kenya’s public debt has for the first time exceeded the Sh4.5 trillion mark, reflecting the Jubilee government’s increasing appetite for loans despite recent warnings over the pace at which the debt is accumulating.

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