Cabinet Secretary for National Treasury and planning Henry Rotich. [JOHN MUCHUCHA, STANDARD]
Analysts rank Kenya debt fifth highest in Africa
- Treasury however insists Government has maintained healthy window to service debt
- The ICAEW placed the country behind Gabon, Ghana, Egypt, and Mozambique underscoring the fiscal burden placed on taxpayers
Kenya’s debt portfolio currently standing at Sh4.7 trillion is ranked the fifth highest in Africa, according to a new report underscoring the fiscal burden placed on taxpayers.
Analysts at the Institute of Chartered Accountants in England and Wales (ICAEW) warned that Kenya’s…
current debt level posed a threat to the country’s economic recovery besides having the potential to stall growth. In its latest Economic Insight Report for Africa released yesterday, ICAEW placed Kenya fifth behind Gabon (70 per cent), Ghana (70 per cent), Egypt (96 per cent) and Mozambique (115 per cent).READ MORE