The stock of external bonds swelled by Sh57.5 billion in 10 months despite the Treasury’s decision to cancel the issuance of another Eurobond as the weak shilling aggravated Kenya's debt repayment woes.
This points to elevated repayment of the country's foreign debts, with the Controller of Budget Margaret Nyakang’o noting that she approved payment of an additional Sh5.4 billion in external debt servicing in the year ended June due to a weaker local currency.
