Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
More calls for State to tame ballooning public debt
From left: Control Risks associate director Patrick Matu, senior partner and managing director East Africa Daniel Heal, and chief executive Europe and Africa Nick Allan, during the launch of Risk Map 2018 at Capital Club on February 21, 2018. PHOTO | SALATON NJAU | NMG
The ballooning public debt should be tamed before it puts the economy at the risk of turbulence, a risk consultancy warned on Wednesday, adding its voice to the growing concern over the State’s appetite for foreign loans.
Mr Daniel Heal, a senior partner at Control Risks said Kenya must urgently take control of its budget before the downsides of huge loans reverse fortunes of 2018 “which is promising to be the year for the entire East Africa”.
