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ODONGO: Kenya breaches public debt ceiling – how it got there and what it means

The new administration says the country is broke but Kenya is already living beyond its means

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by ODONGO KODONGO

News21 September 2022 - 17:47
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Members of the public together with OKOA Uchumi conveners lift placards with different information outside the National Treasury house during a peaceful demonstration on December 9, 2021.

President William Ruto will have more legal space to borrow for his grandiose economic plan after Parliament [in June] raised the country’s public debt ceiling to Sh10 trillion.

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