Kenyan Wall Street | by Jackson Okoth
Global rating agency Moodys has cautioned Kenya to ease its foot on the debt pedal, lest it drives deeply into a crippling debt crisis.
The Agency has particularly raised its eyebrows over the considerable interest payments Central Bank of Kenya (CBK) has been offering to treasury bond investors over the past five years.
Moodys says if the state is unable to tame its debt appetite and restore its fiscal strength, capacity to absorb future financial shocks could be compromised…
