debts universities,University debts Stories
An audit covering the financial year ending June 30, 2024, has revealed that most institutions are operating far beyond legal salary limits, exposing...
Investments, Trade and Industry Cabinet Secretary Lee Kinyanjui said Kenya faces a gap of nearly 400,000 metric tonnes of sugar, a deficit that has le...
According to the airline’s financial disclosures, the drop was driven by a 14 per cent decline in passenger numbers and reduced capacity, which cut in...
Governor Anyang’ Nyong’o said the layoffs affecting over 5,000 sugar workers contradict the purpose of leasing the mills, which was to revive the sect...
The government has authorised Chemelil, Muhoroni, Sony, and Nzoia sugar firms to issue redundancy notices as they hand over factories and land to new...
The Treasury has insisted that KETRACO must first settle a Sh9.2 billion arbitral award owed to a Spanish contractor before any funds can be allocated...
The audit covering 42 universities found that Sh10.96 billion of the debt is long-term, while Sh68.4 billion represents current liabilities.
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...
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...
MPs are dissatisfied with the explanation that the loan had been novated under provisions of the Public Finance Management Act.
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...
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...
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...
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...
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.
In its latest assessment of the 2025/26 budget proposals, the PBO called for urgent measures to ensure the efficient use of borrowed funds.
Delegates at the launch reiterated calls for the cancellation of unjust debts, which they argue undermine human dignity and hinder sustainable develop...
The paper said 18.6% of the country's domestic debt will mature by June 2025, mainly due to short-term debt falling due.
All payments are centralised through the National Treasury, with ministries submitting invoices for international obligations.
State agencies in the Ministry of Roads and Transport are the largest contributors to the pending bills crisis, with debts totalling Sh173.7 billion.
The current public debt currently stands at 67 per cent of GDP, amounting to Sh10.79 trillion as of September 30, 2024, a sharp increase from Sh10.58...
The total exceeds the previous $93 billion International Development Association replenishment announced in December 2021.
Gathungu pointed out that her office was unable to obtain all the necessary documents to link the borrowed funds to specific projects.
The audit identified several IT control issues, including discrepancies between the closing balances reported in the Annual Debt Management Report and...
The mounting defaults are raising concerns about the sustainability of Kenya's public debt, which now stands at Sh10.6 trillion.
Compounding these issues, New KCC is also liable for Sh204 million it owes former employees who were laid off in 1997.
CEO Kilavuka told the committee chaired by Kiambu Senator Karungo Thangwa that Parliament remains KQ's largest customer.
