foreign debt Stories

Ethiopia cuts foreign debt by Sh2.4 trillion as PM Abiy touts economic independence
Bashir Mbuthia  |  Oct 30, 2025

The Ethiopian Prime Minister credited his administration's Homegrown Economic Reform Programme, introduced in 2019, with restoring fiscal stability, b...

Kenya’s foreign exchange reserves hit all time high on new Eurobond
Alfred Onyango  |  Oct 17, 2025

With large debt-service payments looming in early 2026, the current cushion offers the government greater breathing room to plan repayments without pu...

Ruto’s administration withdrew Sh1.3 trillion manually in seven months - CoB
Lucy Mumbi  |  Mar 02, 2025

Treasury CS John Mbadi distanced his office from responsibility, saying individual accounting officers should explain why payments were processed manu...

Controller of Budget sounds alarm as Kenya's debt hits 67% of GDP
Maureen Kinyanjui  |  Dec 25, 2024

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...

National Treasury faces scrutiny over Sh161 billion debt repayment anomalies
Lucy Mumbi  |  Nov 28, 2024

Gathungu pointed out that her office was unable to obtain all the necessary documents to link the borrowed funds to specific projects.

Kenya paid Sh1.4bn commitment fees in 2023 for loans not yet received – Gathungu
Alfred Onyango  |  Aug 07, 2024

The loans were signed between April 24, 2017 and December 15, 2022.

Why economists think IMF's Kenya support plan is off target
Alfred Onyango  |  Jul 21, 2024

Push for increased revenue mobilisation has taken a hit on Kenya, resulting in the anti-tax protests.

Lobby asks international lenders to stop loans as Kenya fights debt crisis
Barack Oduor  |  Jun 29, 2024

The ICPC has asked the IMF, the World Bank, and other international lenders to immediately stop assisting Kenya pending an audit of the current state...

Kenya, Tanzania receive billions in aid, report shows amid rising debt concerns
Bashir Mohammed  |  Jun 22, 2024

In 2022, 10 African countries, including Kenya, Tanzania, Uganda, and the DRC, accounted for nearly half of the continent's ODA. This significant infl...

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