East Africa's debt rises by $10b, stoking fears over repayment
East Africa’s debt rose by over $10.4 billion last year, as countries ramped up spending on key infrastructure projects. SOURCE | RESPECTIVE COUNTRIES CENTRAL BANK DATA
The region’s debt rose by over $10.4 billion last year, as countries ramped up spending on key infrastructure projects, amid concerns about repayment capability.
Kenya led its EAC peers in the debt accumulation, packing up $7 billion, while Tanzania took up $2.05 billion. However, both governments have assured their citizens that things are under control.
