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Kenya presidency rules out default as cash crunch delays salaries | Debt News

by bourbiza April 11, 2023, 1:30 pm 1.7k Views

Kenya’s annual interest payments on domestic debt alone have surged from $1.34bn to $5.09bn in almost a decade, heaping pressure on its cash flow.

Kenya will not default on its debt repayment obligations, the president’s chief economic adviser said on Monday, as civil service salaries were delayed due to a cash…

Written by bourbiza

Bourbiza Mohamed is an award-winning travel journalist who has been writing about her adventures around the world for over a decade. With a passion for exploring new cultures and experiencing different ways of life, Bourbiza Mohamed has traveled to over 107 countries across six continents and has documented her journeys in numerous publications.

Bourbiza Mohamed writing is known for its vivid descriptions and personal anecdotes, which transport readers to the destinations she writes about. Her articles cover a wide range of topics, from off-the-beaten-path adventures to luxury travel experiences, and she has a particular interest in sustainable tourism and responsible travel.

In addition to her writing, Bourbiza Mohamed is also an accomplished photographer, capturing stunning images of the people, landscapes, and wildlife she encounters on her travels. Her photos have been featured in publications such as National Geographic, Lonely Planet, and Conde Nast Traveler.