kenya debts Stories

Kenya's international membership dues hit Sh7.75 billion in 2024, new report shows
Maureen Kinyanjui  |  Jan 04, 2025

All payments are centralised through the National Treasury, with ministries submitting invoices for international obligations.

Swimming in loans: Kenya’s foreign borrowing hits Sh898 billion in 2023-2024 fiscal year
Lucy Mumbi  |  Dec 09, 2024

Principal repayments exceeded Sh500 billion in the past year alone, highlighting Kenya's growing debt burden.

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.

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.

Moody’s downgrades Kenya’s credit worthiness on Finance Bill withdrawal
Alfred Onyango  |  Jul 09, 2024

The firm reduced the county's rating one level down from B3 to Caa1, reflecting a significantly diminished capacity to implement revenue-based fiscal...

High Court suspends Ruto task force for audit of public debt
Joseph Ndunda  |  Jul 08, 2024

The order was issued by Justice Lawrence Mungambi following a suit by Mangare Gikenyi against the task force and the attorney general.

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...

World Bank downgrades Kenya’s GDP growth to 5 per cent in latest review
Alfred Onyango  |  Jun 12, 2024

The World Bank attributes the downgrade to the continued struggle with weak government balance sheets, partly from low revenue collection and high deb...

Wajir South MP Mohammed Adow criticises 'One man, one vote, one shilling' revenue formula
Mohammed Adow  |  May 27, 2024

The lawmaker shared his views via social media platform X, amid criticism from various parties, including Northern Frontier leaders, who deem the form...

Kenya repays part of $2bn Eurobond, eliminates debt default risk
Barack Oduor  |  Feb 21, 2024

Kenya used the $1.5 billion it raised on February 12, 2024, in the Eurobond buyback issue to make the payment, thereby eliminating the risk of debt de...

Kenya will be able to repay $2 billion eurobond, CBK says
Agency  |  Feb 08, 2024

Central Bank of Kenya Governor Kamau Thugge had acknowledged concerns about the country's ability to repay the 10-year Eurobond when it matures in Jun...

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.