The article is pretty insightful. However, it neglects to take into account the efficiency of the debt. If the debt is used to service greed, non-existent projects and corruption, then it best be kept low! Indeed, I share the same sentiments as Jose above that Kenya's debt ratio is not a very effective measure of macro-economic prudence, considering that the overall socio-economic benefits are not felt. In fact, I dare say that the high interest rates experienced in the Kenyan economy are as a result of having funding that does not really enter the monetary system. If debt is taken and corruptly acquired to purchase foreign assets as is common with bigwigs, the sad truth is that the intended multiplier effect that would eventually work on the interest rates would not exist and money would continue to be tight. This is, however, a highly theoretical approach.