[The Conversation Africa] Kenya's newly elected president, William Ruto, has earned more legal space to borrow for his grandiose economic plan after parliament recently raised the country's public debt ceiling to KSh10 trillion (US$100 billion). The new administration says the country is broke but Kenya is already living beyond its means and the World Bank has warned of a high risk of debt default. We asked Odongo Kodongo, a finance scholar, to explain the debt ceiling and why Kenya needs to pay more attention to it.
