Shilling gain cuts external debt by Sh1.12 trillion

Photo credit: Graphic by Stanslaus Manthi | Compiled by Tim Odinga

The stock of external debt has fallen by Sh1.124 trillion in less than three months as a result of the shilling strengthening against major currencies.

Data released by the Central Bank of Kenya (CBK) shows the country’s stock of external debt at the end of last week stood at Sh5.06 trillion, down from Sh6.19 trillion at the end of January.

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Note: The results are not exact but very close to the actual.