Kenya: High Interest Rates, Credit Downgrade Strain Kenya’s Debt Management – Report

Nairobi — Kenya’s public debt management has been severely impacted by high interest rates both globally and in the domestic market, according to the Medium-Term Debt Management Strategy (MTDM) tabled in Parliament on Thursday.

The report warns that elevated interest rates are expected to push total interest payments beyond Sh1 trillion in the 2024/25 financial year, driven by a tight monetary policy environment that has raised borrowing costs for government securities.

“This consumes a very…