kenya public debt Stories
President Ruto reiterated that his prudent debt management decisions had significantly strengthened Kenya’s economic standing.
President Ruto says scrapping subsidies and delaying some debt payments were painful but necessary steps to stabilise Kenya’s economy and avoid a sove...
A World Bank and CAK report warns that 30-year leases of Kenya’s state sugar mills, after major debt write-offs and grants, may entrench dominance and...
CBK Governor Kamau Thugge said the country still meets its obligations, but repayment pressures are increasing, and fiscal space is narrowing.
For the 2023/2024 financial year, KMTC reported under-collection of Sh102 million and underspending of Sh993 million, though it maintained that this d...
Governor Sakaja tells Senate how Nairobi is tackling massive inherited debt while hitting record revenue and fast-tracking development projects across...
In the domestic market, Treasury bonds raised Sh310.6 billion, with Treasury bills adding another Sh45 billion in new debt.
The Treasury drew only Sh700 million from the CBK overdraft in the first three months, down from Sh1.9 billion during the same period last year.
The petitioners argue that the borrowing was conducted outside the bounds of the law and that Parliament exceeded its authority in approving certain a...
Disclosures by the Auditor General showed that Sh10 billion was given to the airline in 2022/2023 as an on-lent loan, taking its total loan exposure t...
The importance of debt, development finance and climate to Africa’s future is clear. Over half of African countries are either in debt distress or at...
Cabinet scraps interest and penalties on Sh12.3 billion in land loans, giving thousands of settlers a chance to secure title deeds, invest in agricult...
The AU says more than half of Africans now live in countries spending more on debt repayments than on social services, calling for urgent G20-led refo...
The move comes as part of ongoing efforts to revive the sugar industry and safeguard the livelihoods of thousands of workers and farmers across the su...
The Ethiopian Prime Minister credited his administration's Homegrown Economic Reform Programme, introduced in 2019, with restoring fiscal stability, b...
The audit reveals that numerous payments were made without proper documentation, while some land valuations were inflated, raising questions about gov...
CS Aden Duale stressed that clearing the NHIF debt is essential to restoring financial stability, ensuring uninterrupted health insurance coverage, an...
Maraga, who tore into President William Ruto's decision to sign eight Bills into laws, including the Privatisation Bill (2025), said national assets s...
With large debt-service payments looming in early 2026, the current cushion offers the government greater breathing room to plan repayments without pu...
The employees, from South Nyanza (Sony), Chemelil, Muhoroni, and Nzoia sugar companies, say discussions over their terminal benefits and other entitle...
The appeal comes as many developing nations struggle with high interest rates, currency depreciation, and worsening climate shocks — factors that have...
In its recent report, the Parliamentary Budget Office highlighted that while private sector credit has shown some gains, continued heavy borrowing by...
In its latest edition of Africa’s Pulse report, the lender reckoned that wage jobs and productive employment are scant in the region, as medium-sized...
He emphasised that there should be a clear distinction in government priorities, such as ending poverty, arguing that certain responsibilities, like p...
The report, tabled on October 7, 2025, shows the loans break down to Sh23.9 billion per month, Sh776.6 million per day, Sh539,321 per minute, and near...
The final details of the new IMF-funded program are expected to be announced following the conclusion of the talks on Thursday. The recently concluded...
Unlike external loans that face strict lender scrutiny, domestic borrowing remains largely unchecked, making it more prone to misuse.
Mbadi disclosed that in present value terms, the public debt amounts to 63.7 per cent of GDP, a level assessed as sustainable though accompanied by a...
According to President William Ruto, the initiative will help the government tackle funding gaps that have stalled critical development projects.
According to the report, the institutions used 62 per cent of their total Sh100 billion revenue on personnel emoluments, leaving little for developmen...
