Kenya slowly sinking in debt, inflation, weakening shilling

Kenya’s government technocrats are scrounging for options to stem a loading economic crisis that has forced many households to keep tightening their belts, with close to six million people suffering acute food shortage. A poll published this week painted an economy racing towards a cliff.

The National Treasury, which has acknowledged the deepening financial hole, is getting dismayed by the deteriorating macroeconomic conditions in the country, which are choking private businesses and foreign investments.