Kenya races closer to the red line as debt hits Sh8.4 trillion

The National Treasury building, Nairobi. July 9, 2020 [Elvis Ogina, Standard]

Kenya’s public debt has touched a high of Sh8.4 trillion and is quickly racing towards the Sh9 trillion ceiling as the government chalks up more borrowing in its fight against Covid-19.

This is slightly over three-quarters of the country’s total economic output, technically known as gross domestic products (GDP).