you nailed it ! debt efficiency - knowing kenya, debt intended for investment (best kind of debt) would not be used for that purpose. Considering that kenyan MPs are one of the highest paid - in fact the highest taking into account the nation's low GDP, it would be madness to finance such expenses with debt ! Put corruption in the equation, it's a good thing that the debt is low - but for how long ??? the apetite of ruling class is not going down any time soon!