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Strong shilling cuts Kenya’s foreign debt by Sh1 trillion in January
National Treasury and Economic Planning Cabinet Secretary John Mbadi addressing journalists outside the National Treasury Building in Nairobi on February 13, 2025.
Kenya’s external public debt fell by the equivalent of Sh1 trillion in shilling terms last year on account of a strengthening shilling, with the cost of servicing the debt also going down.
Treasury Cabinet Secretary John Mbadi told MPs on Wednesday that the external debt stock declined from Sh6.09 trillion in December 2023 to Sh5.09 trillion in January 2025.
