Kenyan firms foreign debt now at Sh587bn

The private sector debts have been rising. FILE PHOTO | NMG

Kenya’s private sector foreign debt stands at Sh586.8 billion according to the first-ever survey of such liabilities, much lower than the initial estimate of about Sh850 billion.

A survey done by the Kenya National Bureau of Statistics (KNBS) shows the debt increased from Sh583 billion in 2014, a marginal change of 0.6 per cent.

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Note: The results are not exact but very close to the actual.