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Kenya should consider partnerships with the private sector to help fund government spending because it doesn’t have much room to increase debt, according to the nation’s central bank governor.
The East African nation’s debt is about 62% of gross domestic product, Governor Patrick Njoroge said Wednesday in an interview with Bloomberg TV at the World Economic Forum in Davos. While the increase in debt in recent years was mainly to finance significant infrastructure spending, “we don’t have much headroom for additional debt financing “ he said.
To contact the reporter on this story: Haslinda Amin in Singapore at hamin1@bloomberg.net
To contact the editors responsible for this story: David Malingha at dmalingha@bloomberg.net, Rene Vollgraaff
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