Kenya Debt-Servicing Costs Take Biggest Portion of Tax Income in 10 Years

Kenya’s debt-service costs took up 59% of the nation’s tax income in the fiscal year ended June, the highest proportion in more than a decade.

The costs climbed from 56.7% in the previous period, the National Treasury said in a report that comes as President William Ruto’s administration vows to ramp up revenue collection in a bid to ease the national debt burden.