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Debt servicing costs up by $1.44bn on weak shilling

Thursday November 02 2023

The Treasury has revised the cost of servicing Kenya’s external debt for this fiscal year by an additional Sh216.7 billion.

IN SUMMARY

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The Treasury has revised the cost of servicing Kenya’s external debt for this fiscal year by an additional Ksh216.7 billion ($1.44 billion) on account of the continued weakening of the shilling and rising interest rates on commercial loans.

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