Strong shilling cuts external debt stock by Sh939bn

The huge reduction in the external debt stock was witnessed as the local currency gained value against US dollar, euro, Chinese yuan and Japanese yen.

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Kenya’s external public debt dropped by Sh939 billion in the six months to June 2024, as the shilling appreciated against major foreign currencies.

The external debt dropped from Sh6.089 trillion as of the end of December 2023 to Sh5.15 trillion on June 30, 2024, latest reports from the National Treasury show.

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