Economists sound the alarm over East Africa’s rising public debt

East African Community member states are facing fresh pressure to tame spiraling public debt which has hit new levels. Fears are now rife that this could hurt growth and make it more expensive for the nations to borrow from the international market, even as Kenya and Tanzania make plans to float sovereign bonds.

Kenya said in the last week of August its public debt had surged to USD22.3 billion, with the figure likely to hit USD23.5 billion by the end of this financial year. Uganda’s total debt, according to data released by the end of august stands at USD6 billion, but is within the country’s ceiling of 35Pct of GDP. Domestic debt stood at 11Pct of GDP in 2012/13, against a ceiling of 24Pct.

In Tanzania, a recent report by the World Bank indicates that public debt has increased from a value equivalent to 30Pct of GDP in 2008 to a projected value of 45Pct of GDP by the end of 2012/13. “While this level of public debt is not excessive, its management requires careful attention,” the 2013 report states.

Economists say East Africa’s growing public debt, while still sustainable, requires careful attention from governments to avert the risk of pushing interest rates higher, as governments gear up for more borrowing to finance various projects. (The East African)


  • RobertCip

    generic cialis canada
    drugs without a prescription
    viagra canadian
    meds canada

    RobertCip Sunday, 22 October 2017 07:07 Comment Link
  • Rodgerpielp

    buy levitra overnight
    buy levitra online
    best place buy levitra
    buy levitra online
    buy cheap generic levitra online

    Rodgerpielp Sunday, 22 October 2017 03:26 Comment Link
  • RobertCip

    do i need a prescription for cialis
    canada medications
    canadian drug company
    drug prices

    RobertCip Thursday, 19 October 2017 12:10 Comment Link
  • Candy

    order real viagra
    viagra prices
    buy viagra by paypal

    Candy Wednesday, 18 October 2017 23:53 Comment Link
  • RonaldLex

    cheap cialis viagra online
    generic cialis
    discount cialis no prescription
    generic cialis

    RonaldLex Monday, 16 October 2017 13:37 Comment Link
  • Reece

    buy cialis 2.5 mg
    cialis generico in farmacia
    how to buy cialis with a prescription

    Reece Sunday, 15 October 2017 02:11 Comment Link
  • Stevenabelp

    buy viagra on the internet
    viagra australia
    cheap viagra generic
    viagra on line
    cheap viagra for sale in the uk

    Stevenabelp Saturday, 14 October 2017 13:56 Comment Link
  • Agustinatore

    twin size mattress measurements inches mattresses prices buy mattresses cheap online augusta maine mattress stores
    best gel memory foam mattress toppers reviews mattresses on sale this weekend gel mattress toppers on sale mattresses comparisons reviews
    crib mattress sizes usa mattress stores in bangor maine best mattresses 2016 list mattress sizes compared

    best mattresses for back pain in 2016 standard crib size mattress measurements best mattress firmness for children best baby mattresses 2015
    mattress stores in south portland maine full mattresses on sale clearance mattress toppers at costco mattress sales in my area
    cheap mattresses portland maine best mail order mattresses best mattresses reviews consumer reports mattress sizes chart

    Agustinatore Friday, 13 October 2017 08:07 Comment Link
  • Gilbertstaky

    50mg viagra vs 20mg cialis
    buy viagra online
    how do i get viagra in australia
    viagra prices
    there viagra type pill women

    Gilbertstaky Thursday, 12 October 2017 14:06 Comment Link
  • Justinmycle

    viagra generico venda no brasil
    viagra sans ordonnance
    viagra where to buy in ireland
    buy viagra
    can you buy viagra over the counter in jamaica

    Justinmycle Wednesday, 11 October 2017 14:21 Comment Link

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Latest News

Ethiopia to Host the 4th International Coffee Conference

Ethiopia to Host the 4th International Coffee Conference

Ethiopia is set to host the 4th International Coffee Conference from March 6 – 8, 2016 in Addis Ababa at the United Nations Conference Center. Previous conferences were held  in England in 2001, Brazil in 2005 and Guatemala in 2010. Read more


UAE-backed Egyptian forces arrive in Eritrea...

ሰበር ዜና ብሄራዊ ባንክ ከነገ ጀምሮ የብር ምንዛሪ ተመንን በ15% እንዲገሽብ ውሳኔ አስተላለፈ፡፡ በተጨማሪም የገንዘብ ማስቀመጫ ወለድን ከ5% ወደ 7% ከፍ እንዲል ውሳኔ...
Follow EBR News on Twitter

Most Popular

  • 1
  • 2
Prev Next

The White-Box of Ethiopian Agriculture

The agricultural sector remains our Achilles heel, nonetheless, we remain convinced that agricultural-based development remains the only source of hope ...

Read more

For Whoever Has, to Him Shall be Given …

As the Ethiopian government seeks to transform the economy into one that’s rooted in manufacturing, the simplicity for local investors to access finance...

Read more


  • 1
  • 2
  • 3
Prev Next

Shooting in the Dark: The Anomalies of Headhunting

The war for ‘heads’ – also known as talent – has been raging for many years and the manner headhunters ‘poach’ people is getting tougher ...

Read more

Understanding Chinese Investment in Ethiopia A Critical Evaluation of the World Bank’s “Chinese FDI in Ethiopia” Survey

The World Bank country office in Ethiopia, apparently in response to the request by the government of Ethiopia, has conducted a survey of...

Read more

Mitigating Growing Income Inequality: What Needs to Be Done

Rising income and wealth inequality in many countries around the world has been a long-term trend for three decades or more. But the atte...

Read more

View Point

  • 1
  • 2
  • 3
Prev Next

Delivering Life Insurance: The Untapped Market in Ethiopia

Modern insurance transaction in Ethiopia was started by an Egyptian Bank in 1905. According to Ethiopian Chamber of Commerce there were 19, 33 and 40 insuran...

Read more

Cut Throat: The Vicious Cycle of Price Based Competition in Ethiopian Insurance Industry

For most, it was imprecise how Ethiopian insurers would manage their prices devoid of actuaries. As most insurers know, premium has a more significant impact...

Read more

Headache When a Key Personnel leaves a Company in the Financial Sector

The financial sector in Ethiopia has undergone considerable changes in recent decades. The dramatic rise of new market players into the sector has vividly al...

Read more