Ex-Uhuru adviser says debt may affect growth in Kenya

From left, Kepsa vice-chairman Tom Omariba, economist Mbui Wagacha, KBA director for research Jared Osoro and CBA senior research economist Faith Atiti in Nairobi last week during the 2019 CBA economic forum themed “Achieving growth amid fiscal imbalances: The real effects of Kenya’s debt trajectory”. PHOTO | DIANA NGILA | NMG

What you need to know:

  • Wagacha says that Kenya overcommitted itself in borrowing.
  • He says the country may struggle to grow given slow revenue generation
  • He declined to disclose why he opted out of the advisory role in the Executive, having been there since 2013, when Mr Kenyatta took the reins.

Former senior executive adviser in the Office of President Uhuru Kenyatta now says Kenya overcommitted itself to debt and may struggle to curb borrowing spree in the wake of sluggish growth in tax revenues.

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