Kenya's heavy reliance on domestic debt is significantly hindering its ability to fund crucial infrastructure projects, according to an analysis by the Africa Finance Corporation (AFC). The nation's growing debt appetite is tightening the grip on its capital markets.

• The Africa Finance Corporation (AFC) highlights how domestic debt growth is constricting African economies' capital markets.
• This trend directly impacts Kenya's capacity to secure capital for essential infrastructural development.
• The article suggests the government's uncontrolled pursuit of domestic borrowing may be counterproductive to its infrastructure goals.