Kenya's total debt has grown by at least Sh400 billion since March despite mounting pressure on the National Treasury to cut loan appetite. The latest Weekly bulletin by the Central Bank shows that the country's total debt is now at Sh7.713 trillion up from Sh7.3 trillion. ''Kenya’s publicly guaranteed debt stood at Sh7.713 trillion by the end of June 2021. This comprised Sh3.697.7 trillion domestic debt (47.9 percent) and Sh4.015.3 trillion external debt (52.1 percent),'' CBK said. According to the PBO, the country's public debt was to hit Sh7.8 trillion by end of June, accounting for approximately 69 percent of Gross Domestic Product(GDP) and 87 percent of the Sh9 trillion total debt ceiling.

Source: The Star July 25, 2021 01:52 UTC