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Why this is the time for Kenya to re-evaluate external debts

Kenya has requested for another loan from China to construct phase three of the Standard Gauge Railway. The World Bank recently warned the country about its rapidly growing debt burden. This is a prelude to an economic disaster.

The government should go slow on borrowing. The country needs to tap more local resources to generate income and use it for development projects and borrow less to complete them. This will be a relief for Kenyans who already owe China more than Sh18,000 each.

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