Kenya's economic recovery in 2021 will be sluggish due to higher debt levels, weaker debt affordability, and low buffers, Moodys investor service has said. According to the outlook, Kenya's tourism dependent economy growth recovery will be slow with far-reaching implications for weak revenue generation as debt costs will intensify post the Covid-19 pandemic. Higher debt loads, lower government revenue, and higher interest costs will increasingly challenge debt affordability. The World Bank has however emphasised that Kenya’s debt position was sustainable, with the country yet to face repayment difficulties. The international lender also on the contrary expects Kenya to lead the Sub-Saharan region out of the economic doldrums of 2020.

Source: The Star January 15, 2021 00:56 UTC