Search

Kenya’s Domestic Debts Surpass Foreign as Interest Rates Peak

Na
  • Domestic debt now 50.34% of total, surpassing foreign debt
  • Strengthening shilling contributes to decline in external debt

 

Nairobi, Kenya – Kenya’s domestic debt has surpassed external debt for the second time in 18 months, pinpointing the government’s increased reliance on banks, insurance, and pension institutions to finance the budget deficit.

You need an active subscription to continue reading this article.

Recent Business

breaking_news
Côte d’Ivoire Inflation Slows to 0.5 %, a Five‑Year Low
Read More »
generic-1-1024x683
Egypt Cuts Key Rates by 225 Basis Points, Opening a Long‑Awaited Easing Cycle
Read More »
guilherme-cunha-4zwozQxDbD4-unsplash-2
Contract Impasse Halts $650 Million Temane Gas Plant in Mozambique
Read More »

Recent Politics

generic-1-1024x683
Militant Group Claims Pipeline Attacks in Niger Delta, Escalating Political Tensions
Read More »
yonko-kilasi-juex154AuVA-unsplash
Kenya Moves to Broaden Money Laundering Oversight in Exit Bid
Read More »
generic-1-1024x683
Tinubu’s Emergency Rule in Rivers Sparks Constitutional Backlash
Read More »

Latest Posts

Latest news insights