The International Monetary Fund(IMF) has raised Kenya’s risk of debt distress to high from moderate in a recent assessment.

Kenya’s debt stood at 61.7% of GDP at the end of 2019, up from 50.2% at the end of 2015, the IMF said, driven up by gaping budget deficits. The country embarked on large infrastructure projects such as the new Standard Gauge Railway line which relied on external debt. READ MORE..