Silver lining in Kenya’s precarious debt situation

During the past year, the issue of debt has dominated national debate. Kenyans from all walks of life have been up in arms, accusing the Government of allegedly biting more than it can chew regarding domestic and foreign debt.

The recent introduction of new taxes on fuel, financial transactions and mobile communication seemed to confirm what Kenyans had feared all along – that the loans obtained for infrastructure projects would come back to haunt them.