https://www.businessdailyafrica.com/economy/Debt-hits-Sh5-4trn-as-Treasury-takes-Sh2bn-loans-daily/3946234-5052544-11loktv/index.htmlThe accelerated borrowing from the domestic market—mainly banks— is however bad news for the private sector, which has been struggling to secure loans from the lenders.
In the 12-months to February, credit to the private sector grew by 3.4 percent, still far below the 12 to 15 percent considered to be ideal for powering strong economic growth. Commercial banks’ holdings of government debt went up by 13 percent in the same period, to Sh1.46 trillion.
Heavy borrowing by the Jubilee administration has seen the threshold of debt to gross domestic product (GDP) cross well over the 50 percent mark, raising concerns over ability to repay the loans.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope