The rate of State borrowing from the local market accelerated during the first nine months ended March, with fresh debt hitting Sh424.7 billion compared to Sh274.6 billion of new borrowing in the same period a year earlier.
The new borrowing debt took domestic borrowing to Sh5.256 trillion at the end of March 2024, up from Sh4.832 trillion at the start of the fiscal year in July 2023 according to data from the Central Bank of Kenya (CBK).
