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Kenya's local debt getting out of hand as Sh850 billion due

Treasury Cabinet Secretary Henry Rotich (Photo: Standard)

NAIROBI, KENYA: The calm in the domestic government debt is like a volcano waiting to erupt.

Insiders say the country’s local debt maturity has reduced from 11 years to six years since 2016 - meaning paying the Sh2.2 trillion debt will strain Treasury coffers in the coming years.

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