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Kenya Debt Costs to Rise as Shilling Hits All-Time Low Against the Dollar

Street vendors sell clothing on a street in Nairobi, Kenya.

Street vendors sell clothing on a street in Nairobi, Kenya.

Photographer: Fredrik Lerneryd/Bloomberg

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Kenya’s debt service costs, which are expected to surge by 22% this fiscal year, are set to rise even further as the East African economy’s currency sinks to all-time lows against the dollar.