×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Tread cautiously to avoid deepening the debt hole

Kenya's gross public debt stood at Sh9.6 trillion as at March 2023. [iStockphoto

President William Ruto is in China for the Belt and Road Initiative where he is set to ask the Chinese government for Sh150 billion in new loans.

Besides requesting for an extension in the terms of the current loans, the government is looking for more money that is intended to finance ongoing projects and pay off the loans falling due.

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