Debt servicing costs up by Sh216bn on weak shilling


National Treasury & Economic Planning Cabinet Secretary Prof Njuguna Ndung'u on May 17, 2023. PHOTO | DENNIS ONSONGO | NMG

The Treasury has revised the cost of servicing Kenya’s external debt for this fiscal year by an additional Sh216.7 billion on account of the continued weakening of the shilling and rising interest rates on commercial loans.

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