Data on Kenya’s external loans seen by the Star shows the country has 62 pending external loans, whose payments are staggered over a number of years. The Sh991.2 million from Unicredit Bank Austria at an interest of two per cent will be retired in 2090. China Exim Bank's Sh660.54 billion debt priced at 2.08 per cent per annum and due on July 21, 2042, is second highest. The document further shows that the country cleared four commercial bank loans priced at five and six per cent that were due last month. The country has a total public debt (external and domestic) of Sh6.2 trillion according to Central Bank of Kenya's Weekly bulletin, translating to 60 per cent debt to GDP margin.

Source: The Star November 16, 2019 05:26 UTC