Debt servicing costs up by Sh216bn on weak shilling

DNSenateNdungu1705wq

National Treasury & Economic Planning Cabinet Secretary Prof Njuguna Ndung'u on May 17, 2023. PHOTO | DENNIS ONSONGO | NMG

By  Charles Mwaniki

Business Reporter

Nation Media Group

The Treasury has revised the cost of servicing Kenya’s external debt for this fiscal year by an additional Sh216.7 billion on account of the continued weakening of the shilling and rising interest rates on commercial loans.

Read more HERE

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME KRA gets link to spy on civil servants and suppliers pay

  2. PRIME Why tycoon Munga will lose Sh510m Britam shares to auctioneers

  3. Undiagnosed rare bleeding disorder risks public health

  4. PRIME Kenya eyes quarterly investment reports to spur growth

In the headlines

View All