Hard questions debt-burdened Kenya must ask as it pursues infrastructure financing

Jeff Gable, Managing Principal Research, Absa-Barclays

NAIROBI: At 5.1 per cent of the value of the country’s gross output, Kenya’s public debt has raised eyebrows.

The Office of the Controller of Budget last month warned that the country’s rising public debt — which went from Sh2.36 trillion to Sh2.48 trillion between June and December last year — is likely to raise the cost of credit and inflationary pressures, as well as create an unsustainable debt burden for future generations.