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Alarm bells as public debt rises by almost Sh500b in 120 days

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National Treasury Cabinet Secretary Prof Njuguna Ndung'u. [Edward Kiplimo, Standard]

Kenya's public debt grew by nearly Sh500 billion in the four months to January this year, pointing to a sustained borrowing appetite by the new government.

This is amid growing concerns that the country could be headed to a full-blown debt crisis.

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