Global investors are becoming increasingly jittery over Kenya’s ability to refinance huge external repayments next financial year following recent delays in payment of a section of public service employees at a time when the country is dealing with anti-government protests and threats of strikes by workers’ unions.
The William Ruto administration admitted last month it was forced to pick repaying debts over the timely release of salaries, signalling the tightrope the Treasury is walking in managing the country’s finance.
