Restructure loans to reduce debt - CBK

Central Bank of Kenya Governor Dr Patrick Njoroge speaking during the launch of inter-agency guidelines on cooperation and collaboration in the investigation and prosecution of Terrorism and financing: [Wilberforce Okwiri, Standard]

President William Ruto's administration must control its debt through refinancing or substituting commercial loans with cheaper options from friendly nations or development financiers as debt levels near the allowed Sh10 trillion limit.

Failure to do this may force Kenya to incur steep hikes in the cost of external borrowing and set it up for debt distress, Central Bank of Kenya (CBK) Governor Patrick Njoroge has said.