Kenya’s Public Debt Climbs to Record High as Treasury Borrows KSh1.1 Trillion in One Year
Kenya’s national debt has surged to KSh11.7 trillion, marking one of its highest levels yet, after the National Treasury borrowed more than KSh1.1 trillion in the last financial year. Controller of Budget Margaret Nyakang’o revealed the alarming figures in her report to the National Assembly’s Committee on Public Debt and Privatisation. Nyakang’o told lawmakers that…