Monday, October 31, 2016

World Bank cautions Kenya to tame borrowing spree


Treasury Cabinet Secretary Henry Rotich. The warning runs contrary to the Treasury’s position that the national debt is manageable. PHOTO | FILE
Treasury Cabinet Secretary Henry Rotich. The warning runs contrary to the Treasury’s position that the national debt is manageable. PHOTO | FILE 
By BRIAN NGUGI, bnjoroge@ke.nationmedia.com
In Summary
  • While Kenya’s public debt remains sustainable, the margin for further debt accumulation is narrowing at an uncomfortably rapid pace.
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