The National Treasury is eyeing savings of about Sh24 billion in the cost of servicing its external debt this month, compared to January 2024, thanks to a stronger shilling that has reduced its cost of buying dollars from the Central Bank of Kenya (CBK).
A World Bank analysis of Kenya’s continuing external debt obligations puts the payments for January 2025 at $623.57 million, which at the current exchange rate is equivalent to Sh80.62 billion.
