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Weak shilling pushes up Kenya's foreign debt by Sh370bn

The country's debt increases by Sh40 billion any time the shilling drops a unit against the US dollar.

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by The Star

Big-read18 January 2023 - 14:41
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National Treasury and Planning CS Njuguna Ndung'u

The weakening shilling which has seen it depreciate by almost 10 per cent against the dollar has pushed up Kenya's foreign debt by close to Sh400 billion in the past year

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