Debt servicing costs up by $1.44bn on weak shilling
Thursday November 02 2023
Kenya's National Treasury & Economic Planning Cabinet Secretary Prof Njuguna Ndung'u on May 17, 2023. PHOTO | DENNIS ONSONGO | NMG
The Treasury has revised the cost of servicing Kenya’s external debt for this fiscal year by an additional Ksh216.7 billion ($1.44 billion) on account of the continued weakening of the shilling and rising interest rates on commercial loans.
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