Kenya: Kenya Among Countries Whose Debt Could Weaken Local Currency – S&P Global Ratings

Kenya is among African governments facing mounting debt pressures that could put the Kenyan shilling and other regional currencies under strain, according to experts and a recent S&P Global Ratings report.

The ratings agency cautioned that external debt repayments across the continent are set to exceed Ksh11.61 trillion (USD 90 billion) in 2026, more than three times the level recorded in 2012. 

This surge in hard-currency obligations is expected to increase demand for foreign exchange,…