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High government debt constrains Kenya's credit profile

National Treasury Cabinet Secretary Henry Rotich on his way to Parliament to present the 2018/2019 budget statement on June 14, 2018. Kenya's debt burden has increased significantly. PHOTO | SALATON NJAU | NMG

By  Allan Olingo

Nation Media Group

Kenya's credit profile is constrained by high and rising government debt and subdued revenue as a result of low institutional strength, Moody's Investors Service said in its annual report last Wednesday.

The country’s credit strengths include its relatively diversified economy, which sustains high growth and has proved resilient to shocks, as well as a sound financial sector.

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