Kenya’s public debt grew at the slowest pace in four years in the 12 months to September 2022, pointing to a declining borrowing appetite by the government amid growing concerns that the country is headed to a debt crisis.
The Central Bank of Kenya (CBK) data shows that Kenya’s debt grew by Sh762.7 billion in the year to September 2022 to stand at Sh8.7 trillion as the country races towards the Sh10 trillion borrowing cap set by Parliament last June.
