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World Bank wary of Kenya's Sh277 billion Eurobond repayment burden

World Bank offices. Global lender cautions risks abound, with several commercial loans falling due next year. [Reuters]

Rising borrowing costs and tougher market conditions could mean that the government will struggle to refinance upcoming maturing debt, the World Bank says in a new report on Kenya.

"Overall public debt remains sustainable; however, risks persist," says the World Bank in its latest regular Kenya Economic update released on Wednesday.

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