New KCC debts Stories
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...
The court dismissed the application, stating that the government failed to demonstrate how its pending appeal would be undermined without the suspensi...
Omtatah says the Senate has been deliberately edged out of the national budgeting process, leaving legislators like him powerless.
The CS pointed to the misuse of short-term loans to fund long-term projects as one of the key mistakes that plunged the country into its current econo...
Kenya, which is struggling with a heavy debt load and the accompanying high debt service costs, caught investor attention last month when it ditched t...
The report further estimates that over 230,000 new IDPs will be displaced between April and June, with conflict and drought being the primary drivers.
The NHIF Pending Medical Claims Verification Committee will be responsible for determining the legitimacy of outstanding medical claims accumulated be...
Africa is at the beginning of its urbanisation journey, the most rapid the world has ever seen. However, it cannot follow the same high-carbon industr...
CBK data shows Kenya's public debt hit Sh10.027 trillion in the last week of June 2023, effectively breaching the then statutory debt ceiling which wa...
Among the worst-hit state departments is the National Youth Service under the State Department of Public Service, which owes Sh14.27 billion.
Mbadi highlighted that the ongoing fiscal consolidation strategy aims to boost revenue while curbing excessive spending.
Kenya’s debt-to-GDP ratio stood at 65.7 per cent as of June 2024—well above the 55 per cent sustainability threshold.
Treasury Cabinet Secretary John Mbadi revealed that these unutilized funds continue to accrue commitment and interest fees.
The sharp rise in domestic interest payments highlights the financial strain of borrowing from the local market as the government navigates rising deb...
Teferra reaffirmed the IMF's commitment to deploy the Extended Fund Facility, Extended Credit Facility and Rapid Credit Facility programmes to support...
The MOU between Ruto and Raila outlines the urgent need for a comprehensive audit to address concerns about ballooning debt and ensure accountability...
A key concern raised in the report was the 2.7 million unverified hospital-related claims, making it difficult to determine NHIF's actual outstanding...
The approval comes barely three days after The Controller of Budget, Margaret Nyakang'o, challenged the Treasury to reduce the country's Gross Domesti...
Treasury CS John Mbadi distanced his office from responsibility, saying individual accounting officers should explain why payments were processed manu...
Mbadi provided a breakdown of the repayment obligations, attributing the looming financial pressure to Eurobond and syndicated loans.
CS Mbadi said the proceeds from this bond will be used to refinance existing external debt, including a planned buyback of a US$900 million (Sh116.3 b...
Some requisitions submitted for her approval lack specifics and are presented in lump sums, making it impossible to establish a clear breakdown of the...
Constitutional commissions such as the National Land Commission, the Salaries and Remuneration Commission, and the Commission on Revenue Allocation wi...
