Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Kenya's total debt rises 3.15%

16 October 2013, 17:06 Reuters

Nairobi - Kenya's total debt increased by 3.15% in the year ended July from a month earlier, reflecting higher borrowing in the local and foreign markets, the ministry of finance said on Wednesday.

The country, which is planning a debut Eurobond for up to $2bn, owed a total of 1.96 trillion shillings, or 53.3% of its annual output, to creditors at home and abroad.

Rated sub-investment grade at B1 with a stable outlook by Moody's last November, Kenya has a sustainable public debt with very low risk of external debt problems, the International Monetary Fund said in July.

The external debt, which is 44.8% of the total, had an average interest rate of 1.9% with an average maturity of 36.2 years, reflecting the government's preference for concessional debt from institutions like The World Bank.

Outstanding local debt had an average maturity of 5.3 years, unchanged from the previous period, the Treasury said.


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
George Vodongo
President renews calls for nation...

President Uhuru Kenyatta has called on Kenyans to instead focus on unity, cohesion and prosperity as the country approaches the campaigns period. Read more...

Submitted by
S Mbinya
What causes cellulite?

Cellulite usually affects the thighs, buttocks, waist and upper arms.  Read more...

Submitted by
Ben Wangui
IEBC selection panel settles on B...

The panel appointed by President Uhuru Kenyatta to recruit new IEBC commissioners has picked Bernadette Musundi as its chairperson. Read more...

Submitted by
Ben Wangui
Uhuru Kenyatta's bag of goodies t...

He promised to go back with more goodies next week. Read more...

Submitted by
Solomon Opala
Are women after money only

Many feel that it takes only a fat wallet to please a woman. Read more...

Submitted by
George Vodongo
Kalonzo says he will defeat UhuRu...

Wiper leader Kalonzo Musyoka has expressed confidence that he will send the Jubilee government home in the upcoming Presidential election. Read more...