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Kenya’s debt accrues to Sh304b since 2003

27 June 2012, 17:16

The Government has incurred a total of Sh304.4billion in external debt over the last eight years, a cabinet minister revealed to parliament Wednesday.

Finance Minister Njeru Githae said the amount was obtained from a number of creditors, including the World Bank, International Monetary Fund (IMF) and the Government of Japan.

Mr Githae, however, assured the House that the total public debt is manageable as it currently stands at 47 per cent of the Gross Domestic Product (GDP).

For more visit The Standard

 

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