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Kenya could run out of money to repay massive debts: how to avoid this

By Odongo Kodongo, Associate professor, Finance, University of the Witwatersrand

Data from Kenya’s central bank show that public debt (total money owed) declined between December 2023 and June 2024.

The drop in external debt – by 15.4 % – over this period does not mean that the country’s overall finances have improved. Rather, it is due to the gains in the value of the Kenyan shilling, thanks to pervasive state interventions since…

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