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Debt dilemma as investors shun State bond sales

Businesswoman climbing a diagram while carrying a boulder with Debt word on her back

Kenya is facing a local debt crisis as investors gobble up short-term Government papers at the expense of long-term bets.

As part of a new debt management strategy, the National Treasury has in recent months turned to the domestic market instead of borrowing externally to finance the budget deficit in as it juggles its debts.

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