Kenya's public debt stock crosses the $72 billion mark
The Central Bank of Kenya whose data shows that the East African country's public debt hit KSh9.145 trillion ($73 billion) in December 2022. PHOTO | FILE \ NMG
Kenya’s stock of public debt crossed the KSh9 trillion ($72 billion) mark for the first time in December, pushing the country closer to hitting the KSh10 trillion ($80 billion) ceiling set by Parliament in June last year.
This at a time a weak Kenyan shilling has piled pressure on the country’s external debt repayments with some 69.3 per cent of foreign debt denominated in US dollars.
