Share of expensive dollar debt seen falling as shilling gains

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By the end of January, Kenya’s public debt stock of Sh11.248 trillion was 55 percent external and 45 percent domestic. PHOTO | SHUTTERSTOCK

The scale of domestic and external debts could have tilted in favour of the latter by January on the impact of a weak shilling and more borrowing from foreign sources.

By the end of January, Kenya’s public debt stock of Sh11.248 trillion was 55 percent external and 45 percent domestic. In absolute terms, external debts surpassed domestic borrowings by more than Sh1 trillion.

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