kenya debt Stories
Teferra reaffirmed the IMF's commitment to deploy the Extended Fund Facility, Extended Credit Facility and Rapid Credit Facility programmes to support...
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.
In its latest assessment of the 2025/26 budget proposals, the PBO called for urgent measures to ensure the efficient use of borrowed funds.
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.
Principal repayments exceeded Sh500 billion in the past year alone, highlighting Kenya's growing debt burden.
Gathungu pointed out that her office was unable to obtain all the necessary documents to link the borrowed funds to specific projects.
Push for increased revenue mobilisation has taken a hit on Kenya, resulting in the anti-tax protests.
The firm reduced the county's rating one level down from B3 to Caa1, reflecting a significantly diminished capacity to implement revenue-based fiscal...
The order was issued by Justice Lawrence Mungambi following a suit by Mangare Gikenyi against the task force and the attorney general.
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...
The World Bank attributes the downgrade to the continued struggle with weak government balance sheets, partly from low revenue collection and high deb...
The lawmaker shared his views via social media platform X, amid criticism from various parties, including Northern Frontier leaders, who deem the form...
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...
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...
