Kenya: bill to increase debt ceiling, defense of hegemon imperatives
- August 31, 2018
- - 12:50 pm
Summary A legislative bill to raise the Kenyan government’s debt ceiling may provide the means for the Kenyatta administration to finalize a highway construction contract with Bechtel and complete other supply chain infrastructure. Kenya’s political imperative to defend its place as East Africa’s commercial hegemon amid rising competition in Tanzania may trump the government’s debt controls. Analysis Kenyan member of parliament Alexander Kosgey floated a bill August 30 effectively authorizing the Kenyan treasury to increase its debt ceiling to six trillion Kenyan shillings (roughly $70 billion). The development comes as borrowing limits have constrained the Kenyatta administration’s bid to assert …
Please log in to view this content. If you do not have an account you can request access.