Kenya’s Debt repayments jump 50pc

Kenya’s debt repayments to both internal and external creditors has increased by 50 per cent over the past year. The 2019 Edition of the Economic Survey indicates that total debt repayments increased from Sh448 billion in the 2016-17 financial year to Sh664 billion in 2017-18.

“Net servicing charges for both internal and external debt rose by 48.2 per cent to Sh664.2 billion in 2017-18,” the survey says.