Inefficient parastatals’ fees push Kenya’s debt to $70b

The National Treasury

The National Treasury building in Nairobi. PHOTO | FILE 

Kenya’s national debt rose to more than Ksh7.71 trillion ($70.73 billion) in June as inefficient parastatals cost taxpayers an additional Ksh1.65 billion ($15.13 million) in loan commitment fees.

The national debt is 52.1 percent and 47.9 percent, external and domestic respectively.