How much is Kenya’s debt?

In 2019, the national debt of Kenya amounted to around 56.09 billion U.S. dollars.

How much is Kenya’s 2020 debt?

Public Debt (Ksh Million)

Year Month Domestic Debt
2020 July 3,273,551.44
2020 June 3,178,421.28
2020 May 3,153,143.94
2020 April 3,119,415.80

How much debt does Kenya have?

As of the end of June 2020, Kenya’s total debt stock stood at 6.7 trillion Kenyan shillings ($62 billion), equivalent to about 66 per cent of our total national wealth, as estimated by the gross domestic product (GDP).

How much debt does Kenya have 2021?

Public debt stock increased from Ksh 6.28 trillion in March 2020 to Ksh 7.34 trillion in March 2021. With a borrowing threshold of Ksh 9.0 trillion, this implies that borrowing space has reduced from Ksh 2.72 trillion to Ksh 1.66 trillion.

Who is the richest man in Kenya?

Richest man in Kenya 2021 Forbes

Vimal Shah is the richest man in Kenya in 2021 today, according to Forbes. Vimal Shah is the CEO of Bidco Oil Refineries Africa, with an estimated net worth of 140 billion Kenyan shillings.

Which country has no debt?

1. Brunei (GDP: 2.46%) Brunei is one of the countries with the lowest debt. It has a debt to GDP ratio of 2.46 percent among a population of 439,000 people, which makes it the world’s country with the lowest debt.

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Who owns the world’s debt?

Public Debt

The public holds over $21 trillion, or almost 78%, of the national debt. 1 Foreign governments hold about a third of the public debt, while the rest is owned by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and savings bonds.

Which country in Africa has the highest debt?

1. Angola – It is the most indebted African country, as per the African insider, with an estimated debt of $25 billion (about Sh2. 5 trillion).

Who does Kenya owe debt?

Kenya’s debt profile: Chinese loans comprised 21% of Kenya’s external debt, compared with the World Bank’s 25% at the end of June 2020, according to a National Treasury report. Sovereign bondholders held another 19%, commercial banks 11%, and the African Development Bank 7.5%.

How much debt does Japan have?

The amount of Japan’s national debt in 2019 amounted to about 12.04 trillion U.S. dollar.

Japan: National debt from 2016 to 2026 (in billion U.S. dollar)

Characteristic National debt in billion U.S. dollar
2021* 13,118.81
2020* 12,613.57
2019 12,038.16
2018 11,809.9

Is Kenya’s debt sustainable?

Kenya’s debt is sustainable, and its debt dynamics will be bolstered by the fiscal consolidation envisaged under the IMF supported program. While planned fiscal consolidation will help address debt vulnerabilities exacerbated by the global COVID-19 shock, the risk of debt distress continues to be assessed as high.

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