Kenya’s external debt has ballooned by a staggering Sh344.4 billion, giving dimension to the impact of a weakening shilling whose exchange rate against the greenback has tanked to a historic low of Sh133.55.
The Central Bank of Kenya (CBK) data shows that total external debt as of January stood at $37.63 billion (Sh4.7 trillion), where the mean exchange rate was 124.4 against the dollar.
