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Debt shadow may hang over Kenya's next president

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Kenya's economic output has more than doubled during President Uhuru Kenyatta's 10 years in office, but a debt binge that fuelled growth and investment could cramp his successor's ability to tackle growing hunger and soaring prices.

Some 22 million voters will pick a new president, lawmakers and county officials on Aug. 9. The election is being overshadowed by a drought that has left 4 million people dependent on food aid while Russia's invasion of Ukraine drives up global grain and fuel prices.

Debt levels have surged, however, to 9 trillion shillings, or 67% of GDP, from just 2 trillion, or 40% of GDP, when Kenyatta was elected. His government has modernised Kenya's crumbling, century-old railway network and built more kilometres of paved roads than the previous four administrations combined - over 10,000, Kenyatta told parliament in November.

 

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