Debt crisis Stories

Kenya set to raise Sh370 billion with first-ever debt-for-food swap
Maureen Kinyanjui  |  Sep 11, 2025

The arrangement will allow Kenya to channel resources into agricultural projects, irrigation, food storage infrastructure, and nutrition programmes, h...

Kenya deviates from debt plan, risks debt trap amid soaring interest payments – CoB
Alfred Onyango  |  Sep 06, 2025

The latest national budget review report by the Office of the Controller of Budget reveals that as of June 30, 2025, Kenya’s total public debt stood a...

Debt servicing limits Kenya’s ability to fund development – CoB
Maureen Kinyanjui  |  Sep 04, 2025

This reliance has forced the National Treasury to roll over obligations repeatedly, creating a cycle where new borrowing is primarily used to pay off...

Kenya secures Sh22 billion loan from Japan to boost industry, cut power bills
Lucy Mumbi  |  Aug 22, 2025

Prime Cabinet Secretary Musalia Mudavadi signed the deal on behalf of Kenya, while Mr Atsuo Kuroda, Chairman and CEO of Nippon Export and Investment I...

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.

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...

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.

Stay ahead of the news! Click ‘Yes, Thanks’ to receive breaking stories and exclusive updates directly to your device. Be the first to know what’s happening.