Kenya’s external debt shrunk by Sh926.1million in the three months to March as the shilling recouped its value against major foreign currencies, bringing the savings closer to the government’s target to net Sh1 trillion in gains from the revaluations of the local currency.
Data by the National Treasury shows that Kenya’s external debt stock dropped to Sh5.16 trillion at the end of March from Sh6.08 trillion at the end of last year on the revaluation gains.
