“It depends on the context,” Wamalwa told Africa Check. The Kenyan national treasury said that as of June 2023, just over two-thirds (67.2%) of Kenya’s external debt was in US dollars, while another 21.3% was in euros. At that time, external debt accounted for 52.9% of total debt. In September 2023, the most recent data available, external debt accounted for 53.5% of the total. Right now it will fetch you KSh160,” he told Africa Check.

Source: Daily Nation January 30, 2024 09:50 UTC