THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
THE 4th DEBT MANAGEMENT SEMINAR
Theme: Sustainability in Debt Management
Venue: Travellers Beach Hotel, Mombasa
Date: 3rd – 5th July 2019
Kenya has increased its stock of public debt over time and the public debt repayments now account for a significant part of the revenue collected. There has been debate about the sustainability of the loans. The Kenyan constitution requires public participation before public resources are spent yet there is not meaningful public engagement for public borrowing. The lending market has become more liberal resulting to mushrooming of many mobile lending applications which have relaxed lending requirements meaning more people who would not otherwise qualify for conventional loans can access such loans.