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Global analysts rank Kenya debt fifth highest in Africa

Cabinet Secretary Henry Rotich of Kenya's Treasury (PHOTO: FILE)

NAIROBI, KENYA: Kenya’s debt portfolio currently standing at Sh4.7 trillion is ranked the fifth highest in Africa, according to a new report underscoring the fiscal burden placed on taxpayers.

Analysts at the Institute of Chartered Accountants in England and Wales (ICAEW) warned that Kenya’s current debt level posed a threat to the country’s economic recovery besides having the potential to stall growth.

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