Kenya Faces External-Debt Distress on Lower Export Receipts
- Income from abroad battered by drop in tourism and remittances
- Currency depreciation a further risk to external debt costs
Cranes operate in Mombasa port, Kenya.
Photographer: Luis Tato/BloombergThis article is for subscribers only.
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Kenya is at a high risk of external-debt distress as the country’s foreign-currency obligations grow faster than its income from abroad, the National Treasury said.