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Kenya's interest arrears on long term loans rise

National Treasury building in Nairobi

Kenya’s interest arrears on long-term debt rose sharply in the last three years as the country fought to keep up with its ballooning debt burden.

Latest data from the World Bank shows that the country’s interest arrears rose 33 per cent from 2015 to 2016, reversing a trend that had seen the country keep its interest repayments in check.

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