Fitch paints gloomy public debt picture

The National Treasury building in Nairobi. FILE PHOTO | NMG

Kenya will need almost a decade to tame runaway debt as the country is expected to borrow Sh9 trillion by 2024.

Rating agency Fitch says the general government debt-to-GDP ratio will continue increasing through 2022 to 64.8 per cent before easing gradually to 60.5 per cent by 2028.

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