Dalac Bilaash
☠ Emperor of The Horn ☠
Kenya has the highest debt in East Africa, with a 70% debt-to-GDP ratio. They are unable to repay the debt, and they rejected the new finance bill 2024, which called for their government to tax the people excessively in order to payback their debt. As a result, they will probably default, which will be disastrous for their economy because Kenya's currency will be devalued due to a low exchange rate, which will cause inflation to soar and the people will not be able to afford for basic needs. loan lenders like China may seize control of important Kenyan infrastructure like ports and airports as a debt repayment. There won't be any more loans available for them, Also Direct investments will stop, and the government will become a failed state because it will not be able to pay its own projects and fees also Kenya has 50 million people which will double by the year 2050 a disaster in the making for East Africa which includes Ethiopia which is on the same route with Kenya.