AfDB warns of Kenya debt distress risk as more loans mature, projects 5.6pc growth

Kenya could struggle to meet its public debt obligations as more long term loans mature this year, economists at the African Development Bank (AfDB) have said, in what appears to be a veiled warning against the borrowing frenzy.

The government has increasingly used loans to patch up its tax revenue shortfall as it continues with its race to, among other things, modernise railway lines, expand roads and upgrade sea ports.