×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Read on the App

Bad borrowing habits back to haunt us

Kenya’s total debt touched Sh6.16 trillion in February after the country borrowed an additional Sh158 billion in two months. As a percentage of the gross domestic product (GDP), or the size of the economy, the country’s debt has since surpassed 60 per cent. This makes our debt unsustainable. We have little leg room for borrowing, thanks to our high appetite that saw the debt levels spiral to the current levels.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in