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Every Kenyan needs to pay at least Sh100,000 to clear the country's mushrooming public debt

18th March, 2018

Each and every Kenyan needs to pay at least sh100,000 in order to clear the country's mushrooming public debt that reached sh4.58 trillion in November 2017. Kenya recorded its highest public debt in 2017. Kenya has borrowed heavily in the past 10 years to fund its infrastructure which is continues as CS Henry Rotich managed to secure yet another Eurobond, the second in a span of four years, will cost you a total of sh323 billion in interest payments during its lifetime of up to 30 years. But that's not all higher fuel prices are likely to lead to higher transaction costs meaning low income earners will fell the effect. Motorist will pay a record price of 125 Sh per liter- Sh17 more than what you currently pay. Plus the IMF at the same time wants the interest rates controls removed. Given this trajectory where will be as a nation in a few months?  

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