county debt,kenya public debt Stories
Senators, particularly, flagged Tharaka Nithi and Garissa counties, where long-overdue bills remain unsettled, despite repeated calls for accountabili...
According to Justice Bahati Mwamuye, the petition filed by Busia Senator Okiya Omtatah raises substantial questions of law.
MPs are dissatisfied with the explanation that the loan had been novated under provisions of the Public Finance Management Act.
Pension obligations are part of non-discretionary government spending that must be settled without delay, but Treasury cash flow issues have continued...
National Treasury is now banking on the older law and the reactivated Privatisation Commission to raise Sh149 billion in the 2025/26 financial year.
Kenya’s rollout of the system comes amid growing pressure for better public scrutiny of national debt, with many questioning the high cost of loans an...
According to data from the National Treasury, Sh851.42 billion of this amount will go toward domestic debt repayment, while Sh246.26 billion will be u...
Opening the rating committee to public view signals a shift in financial power, aiming not just for fairer ratings but for a more just model of global...
African bonds are substantially mispriced, resulting in excessively high yields that are not justified by fundamentals, based on economic, fiscal and...
The government now plans to borrow Sh591.9 billion from the local credit market to bridge a Sh876.1 billion budget deficit in the financial year start...
Despite President William Ruto’s public acknowledgement of the issue three months ago, the government has yet to allocate funds to clear the billions...
According to Afreximbank's 2025 report on the state of debt burdens, a major external influence behind this shift is the changing economic policy envi...
The Auditor General pointed out that this shortfall stems from tax evasion, poor enforcement, and inaccurate forecasting.
The lender highlights the narrowing room for manoeuvre in the country’s budget, driven by ballooning debt servicing costs, persistent revenue shortfal...
According to Treasury data, the reduction is partly attributed to the ongoing settlements in the infrastructure docket.
The unresolved issues, according to the IEA, contributed to public discontent that culminated in widespread protests and an eventual premature end to...
The latest figures place the debt at 63 per cent of the country’s Gross Domestic Product (GDP), well above the recommended ceiling of 55 per cent.
External debt during the same period rose marginally by Sh70 billion to Sh5.23 trillion.
Treasury officials highlighted the 64 per cent participation rate in the tender and the upsized bond issue as signs of growing confidence in Kenya’s e...
Omtatah is asking the court to hold the former President and his administration personally liable for the debts and surcharge them under Article 226(5...
The report lists Kenyatta University, the University of Nairobi, and Jomo Kenyatta University of Agriculture and Technology as having the highest debt...
The company's liabilities exceed its assets by Sh1.2 billion, indicating severe cash flow challenges exacerbated by reliance on bank loans and overdra...
This historic review, the first of its kind since Independence, is set to provide a detailed breakdown of all debt accumulated by the government.
The plans would be the first known instance of Saudi Arabia providing financing for Syria since Islamist-led rebels toppled former leader Bashar al-As...
In his suit, Omtatah wants former National Treasury CS Njuguna Ndung’u, Controller of Budget Margaret Nyakang’o, and Auditor-General Nancy Gathungu to...
Broad-based government is a political solution to an economic problem. We cannot allow someone to give you a political solution to an economic problem...
The cash goes straight to the roads board, which conducts maintenance of roads on behalf of the government. Ruto's government has also turned to China...
While admitting that Kenya has encountered fiscal challenges, the CS maintained that the nation’s debt position remains sustainable.
Speaking at the Institute of Public Finance’s annual budget review on Tuesday, Nyoro expressed concern that the country’s debt, now standing at Sh11 t...
