Updated Tue, June 14th 2016 at 09:54 GMT +3Kenya’s total public debt has been growing by Sh700,000 per second on average since President Uhuru Kenyatta took over government. “Mr Speaker, allow me to assure this honourable House that Kenya’s public debt remains sustainable. Going by this borrowing trend, Kenya’s public debt could hit Sh4 trillion soon. The borrowing is also enough to fully fund the construction of the first phase of the Standard Gauge Railway (SGR) railway. “As our debt is principally focused on the development of infrastructure it is significantly beneficial to Kenyans,” Rotich said.

Source: Standard Digital June 14, 2016 07:07 UTC