Kenya must curb public spending, deliver policy certainty to unlock investment: experts
Economic experts in Kenya are urging the government to reduce public spending and improve policy predictability to foster private sector growth. They highlight that nearly half of government revenue is currently consumed by debt servicing, which limits development and investment.
Why it matters
High debt-to-revenue ratios in developing nations can stifle economic expansion and limit the fiscal space needed for essential public services.
Listen L-R: Mentoria Economics Chief Economist Ken Gichinga, Strathmore University finance lecturer Mercy Kano and I&M Bank's Silas Mutuku participate in a panel discussion during the Capital FM Investment, Trade and Opportunity Town Hall at Strathmore University, examining reforms needed to strengthen Kenya's investment climate and spur private sector-led growth/CFM NAIROBI, Kenya, Jul 30 – Kenya must rein in public spending, deliver predictable economic policies and strengthen corporate governance to unlock private sector investment and sustain long-term growth, experts said during the Capital FM Investment, Trade and Opportunity Town Hall at Strathmore University.
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