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Borrowing: The paradox of debt and interest rates

Credit rating agencies have downgraded Kenya's creditworthiness. [iStockphoto]

Debt has rattled Kenyans in the last two decades, with the belief that the country has over-borrowed.

We heard that during election campaigns last year and on the streets - never mind that we have over-borrowed as individuals. Online lending platforms and shylocks are doing very well. Remember the hue and cry over CRB listing?

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