Browsing: Kenya 2022 election

Businesses in Kenya see mild rise in activity despite loss of momentum in October

Kenya: 5 things new government could do to reduce the country’s over-reliance on debt

Business
  • Kenya’s next government will be required to work on new strategies to reduce the country’s over-reliance on debt
  • The country’s debt stock stood at KSh 8.6 trillion as of May 2022, equivalent to 69.1 per cent of the GDP and 19.1 per cent points above the IMF recommended threshold of 50 per cent for developing nations
  • The incoming government could bridge the deficit gap by instituting austerity measures, reducing amounts extended to recurrent expenditure and focusing on developments 

Kenya’s next government will be required to work on new strategies to reduce the country’s over-reliance on debt.

According to analysts from Cytonn Investments, the country’s debt stock stood at KSh 8.6 trillion as of May 2022, equivalent to 69.1 per cent of the GDP and 19.1 per cent points above the IMF recommended threshold of 50 per cent for developing nations.

According to the analysts, Kenya’s new president will need to …