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Debt repayment pain to resume sharply in July as 'painkiller' of suspension ends

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

The six-month anaesthesia on Kenya’s debt repayment burden will wear off in July, with the pain of meeting its debt obligations rising sharply.

In the upcoming 2021-22 financial year, the country’s debt service is projected to increase to Sh436 billion, up from an earlier estimate of Sh406 billion.

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