public debt Stories

Kenya’s economic recovery in limbo as fiscal, debt pressures persist - Moody’s
Alfred Onyango  |  Jul 26, 2025

Moody’s however warns that heavy reliance on domestic financing will keep debt affordability weak on rising rates despite improved domestic market con...

Nyoro warns Sh44.8 billion Talanta loan could cost Kenyans over Sh100 billion
Rachael Mutabasi  |  Jul 24, 2025

President William Ruto, who presided over the bell-ringing ceremony at the NSE on Wednesday, hailed the listing as a step towards reducing pressure on...

President William Ruto unveils Sh44 billion Linzi listing, eyes IPOs for State firms
Maureen Kinyanjui  |  Jul 23, 2025

President William Ruto hailed the listing as a turning point in the country’s strategy to mobilise domestic capital for transformative projects while...

Debt financing dominates East Africa’s private capital transactions in Q2 - report
Alfred Onyango  |  Jul 19, 2025

Overall, Kenya led activity in East Africa, accounting for 63 per cent of all transactions, surpassing the combined totals of Tanzania (26 per cent) a...

Four years on: Auditor General Nancy Gathungu still locked out of NHIF claims system
Maureen Kinyanjui  |  Jul 17, 2025

The administrators of NHIF’s outsourced e-claims system refused to grant auditors access to log files, key records that could confirm whether medical...

World Bank assures Kenya’s debt sustainable if properly managed
Rachael Mutabasi  |  Jul 16, 2025

World Bank Country Director for Kenya, Qimiao Fan, emphasised that the sustainability of Kenya’s debt should not be judged only by the current numbers...

Increased digital finance adoption falls short of household resilience goals – report
Alfred Onyango  |  Jul 12, 2025

The current strategies and approaches used in promoting digital finance with a focus on savings are being shadowed by gaps in the borrowing space, sig...

Kenya's debt burden: Repayments outstrip education, health spending, UNCTAD report reveals
Maureen Kinyanjui  |  Jul 09, 2025

Kenya was listed among countries that spend at least 6.5 per cent of export revenues to repay external public debt.

CJ Koome appoints bench to hear Sh4.6 trillion case against ex-President Uhuru Kenyatta
Carolyne Kubwa  |  Jul 05, 2025

The petition seeks to hold President Uhuru and key officials in his administration legally liable for the Sh4.6 trillion debt accumulated between the...

Kenya’s current account deficit surges to Sh66 billion - KNBS
Alfred Onyango  |  Jul 04, 2025

The latest figures by the Kenya National Bureau of Statistics (KNBS) show the country’s current account balance widened by 58 per cent, rising to Sh66...

Kenya losing Sh194 billion annually to corruption - AfDB
Maureen Kinyanjui  |  Jul 03, 2025

The African Economic Outlook Kenya Country Focus Report, released in Nairobi, outlines how mismanagement, tax exemptions and weak oversight are reduci...

From NHIF to SHA: Kenya’s struggle to overcome health insurance fraud, boost affordability
Charity Kilei  |  Jun 30, 2025

The Ethics and Anti-Corruption Commission (EACC) has unearthed internal fraud schemes involving ghost services and unauthorized system access.

Kenya faces fresh debt crisis as Treasury projects Sh253 billion revenue shortfall
Lucy Mumbi  |  Jun 29, 2025

According to documents submitted by the National Treasury, the Kenya Revenue Authority had collected Sh2.26 trillion by the end of April 2025, falling...

Treasury given 60-day ultimatum to deliver debt management framework
Maureen Kinyanjui  |  Jun 26, 2025

The legislators endorsed a report that lowers the Consolidated Fund Services (CFS) budget by Sh295.28 billion and gave the Treasury 60 days to publish...

Debt: Senators expose how counties are driving contractors into bankruptcy
Maureen Kinyanjui  |  Jun 20, 2025

Senators, particularly, flagged Tharaka Nithi and Garissa counties, where long-overdue bills remain unsettled, despite repeated calls for accountabili...

Court refers Okiya Omtatah's Sh4.6 trillion debt petition to CJ Martha Koome
Carolyne Kubwa  |  Jun 19, 2025

According to Justice Bahati Mwamuye, the petition filed by Busia Senator Okiya Omtatah raises substantial questions of law.

MPs question Treasury over repayment of KQ’s Sh58 billion loan amid profit report
Maureen Kinyanjui  |  Jun 18, 2025

MPs are dissatisfied with the explanation that the loan had been novated under provisions of the Public Finance Management Act.

House team raises alarm over pension delays as arrears pile up to Sh86 billion
Maureen Kinyanjui  |  Jun 17, 2025

Pension obligations are part of non-discretionary government spending that must be settled without delay, but Treasury cash flow issues have continued...

National Treasury reverts to old law after court nullifies 2023 Privatisation Act
Maureen Kinyanjui  |  Jun 17, 2025

National Treasury is now banking on the older law and the reactivated Privatisation Commission to raise Sh149 billion in the 2025/26 financial year.

Auditor General gains real-time access to monitor national debt as Treasury launches new system
Maureen Kinyanjui  |  Jun 14, 2025

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...

Treasury to spend Sh1.09 trillion on public debt in FY 2025–26
Maureen Kinyanjui  |  Jun 12, 2025

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...

Africa’s new credit rating agency poised to reshape the financial landscape — Here’s how
The Conversation  |  Jun 08, 2025

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 countries are bad at issuing bonds, so debt costs more than it should: What needs to change
The Conversation  |  Jun 08, 2025

African bonds are substantially mispriced, resulting in excessively high yields that are not justified by fundamentals, based on economic, fiscal and...

World Bank delays Sh96.9 billion loan to Kenya over anti-corruption law standoff
Maureen Kinyanjui  |  Jun 05, 2025

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...

Kenya’s hospitals in financial crisis as only 20pc of primary health facilities get full payments
Maureen Kinyanjui  |  Jun 05, 2025

Despite President William Ruto’s public acknowledgement of the issue three months ago, the government has yet to allocate funds to clear the billions...

Why Kenya’s debt outlook is improving: Stronger shilling, weaker dollar, policy shifts drive decline
Alfred Onyango  |  Jun 04, 2025

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...

Auditor General flags risks in Kenya’s Sh4.24 trillion budget, warns of rising debt
Maureen Kinyanjui  |  May 29, 2025

The Auditor General pointed out that this shortfall stems from tax evasion, poor enforcement, and inaccurate forecasting.

World Bank warns of mounting fiscal pressure as Kenya faces debt distress risk
Alfred Onyango  |  May 27, 2025

The lender highlights the narrowing room for manoeuvre in the country’s budget, driven by ballooning debt servicing costs, persistent revenue shortfal...

Government clears Sh118.3bn pending bills in Q1 2025 as Treasury pushes to cut arrears
Lucy Mumbi  |  May 26, 2025

According to Treasury data, the reduction is partly attributed to the ongoing settlements in the infrastructure docket.

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