By EDITORIALMore by this AuthorKenya’s rising debt portfolio has been a subject of hot discussion in business and international circles. Multilateral financiers such as the World Bank and the International Monetary Fund have cautioned that the country was walking to the cliff. Kenya’s external debt is Sh4.4 trillion, compared to Sh2.1 trillion in 2013 — more than double in under five years. National Treasury Cabinet Secretary Henry Rotich has finally come to terms with this fact. In a draft budget policy document, he proposes to reduce the debt in five years to international standards, which, for Kenya, is 60 per cent of Gross Domestic Product (GDP).

Source: Daily Nation January 23, 2018 18:00 UTC