A new report warns that Kenya’s growing reliance on domestic borrowing is crowding out long-term investment in infrastructure.
Kenya’s debt appetite squeezes infrastructure investment. [Courtesy]
The government’s uncontrolled appetite for domestic debt could be its own undoing in the struggle to source funds for infrastructure projects.
An analysis by Africa Finance Corporation (AFC) has documented how growth in domestic debt has put the capital markets of economies on the continent in a chokehold.
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