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“All the Numbers Point to an Unfolding Debt Nightmare” in Kenya

The prominent Kenyan columnist and economic advisor to Saudi Arabia’s Monetary Authority, Mohamed Wehliye, published a stark warning to the government in Nairobi that the country’s debt is on the verge of spiraling out of control and urgent measures are needed to rein in spending.

“Unless we put breaks to spending & turn the economy around quickly, there will be a downward spiral feeding on itself — an internal fiscal & financial sector crisis,” he wrote on Twitter to his 400,000+ followers.

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