×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Default fears over Kenya’s public debt

Institute of Certified Public Accountants of Kenya Chairman and Chief Finance Officer Julius Mwatu.

Accountants have warned that Kenya was teetering on the brink of a full-blown financial crisis, with the risk of defaulting on its huge debt obligations now a possibility.  

The Institute of Certified Public Accountants of Kenya (ICPAK) said the rate at which the country’s public debt is maturing is not commensurate with revenue growth, raising fears of a possible default.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in