By
Kepha Muiruri
Business Reporter
Nation Media Group
The World Bank Group has added Sh588 billion in securitised revenues and pending bills to Kenya’s debt stock, revealing a greater debt burden than that captured in official government data.
Kenya currently has a narrow definition of public debt that covers only loans and government securities, including Treasury bonds and bills.
By
Kepha Muiruri
Business Reporter
Nation Media Group
The World Bank Group has added Sh588 billion in securitised revenues and pending bills to Kenya’s debt stock, revealing a greater debt burden than that captured in official government data.

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The rise in debt comes even as the government has accelerated a series of liability management operations designed to smoothen…

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Official government data shows that Kenya's public debt is racing towards a record of Sh13 trillion.

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