public debt Stories

CJ Koome appoints bench to hear Sh4.6 trillion case against ex-President Uhuru Kenyatta
Carolyne Kubwa  |  Jul 05, 2025

The petition seeks to hold President Uhuru and key officials in his administration legally liable for the Sh4.6 trillion debt accumulated between the...

Kenya’s current account deficit surges to Sh66 billion - KNBS
Alfred Onyango  |  Jul 04, 2025

The latest figures by the Kenya National Bureau of Statistics (KNBS) show the country’s current account balance widened by 58 per cent, rising to Sh66...

Treasury given 60-day ultimatum to deliver debt management framework
Maureen Kinyanjui  |  Jun 26, 2025

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...

Debt: Senators expose how counties are driving contractors into bankruptcy
Maureen Kinyanjui  |  Jun 20, 2025

Senators, particularly, flagged Tharaka Nithi and Garissa counties, where long-overdue bills remain unsettled, despite repeated calls for accountabili...

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.

MPs question Treasury over repayment of KQ’s Sh58 billion loan amid profit report
Maureen Kinyanjui  |  Jun 18, 2025

MPs are dissatisfied with the explanation that the loan had been novated under provisions of the Public Finance Management Act.

House team raises alarm over pension delays as arrears pile up to Sh86 billion
Maureen Kinyanjui  |  Jun 17, 2025

Pension obligations are part of non-discretionary government spending that must be settled without delay, but Treasury cash flow issues have continued...

National Treasury reverts to old law after court nullifies 2023 Privatisation Act
Maureen Kinyanjui  |  Jun 17, 2025

National Treasury is now banking on the older law and the reactivated Privatisation Commission to raise Sh149 billion in the 2025/26 financial year.

Treasury to spend Sh1.09 trillion on public debt in FY 2025–26
Maureen Kinyanjui  |  Jun 12, 2025

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...

State moves to block Omtatah’s Sh4.6 trillion debt suit, citing ongoing audit
Maureen Kinyanjui  |  May 09, 2025

Omtatah is asking the court to hold the former President and his administration personally liable for the debts and surcharge them under Article 226(5...

Kenya's historic public debt audit set for completion in August
Maureen Kinyanjui  |  Apr 28, 2025

This historic review, the first of its kind since Independence, is set to provide a detailed breakdown of all debt accumulated by the government.

Senator Omtatah sues Uhuru, Ruto over trillions in public debt
Maureen Kinyanjui  |  Apr 26, 2025

In his suit, Omtatah wants former National Treasury CS Njuguna Ndung’u, Controller of Budget Margaret Nyakang’o, and Auditor-General Nancy Gathungu to...

Kenya secures Sh77.8 billion in short-term financing for roads
Reuters  |  Apr 16, 2025

The cash goes straight to the roads board, which conducts maintenance of roads on behalf of the government. Ruto's government has also turned to China...

Kenya not at risk of defaulting – Mbadi dismisses Nyoro’s claims on debt as irresponsible
Lucy Mumbi  |  Apr 16, 2025

While admitting that Kenya has encountered fiscal challenges, the CS maintained that the nation’s debt position remains sustainable.

Court blocks state from proceeding with sale of 11 parastatals, including KICC
Lucy Mumbi  |  Apr 15, 2025

The court dismissed the application, stating that the government failed to demonstrate how its pending appeal would be undermined without the suspensi...

Legislature asleep on its job as country sinks deeper into debt, warns Omtatah
Lucy Mumbi  |  Apr 07, 2025

Omtatah says the Senate has been deliberately edged out of the national budgeting process, leaving legislators like him powerless.

Kenya can pay its external debt if corruption is cut by half - CS Mbadi
Maureen Kinyanjui  |  Mar 20, 2025

Mbadi highlighted that the ongoing fiscal consolidation strategy aims to boost revenue while curbing excessive spending.

Treasury CS Mbadi says Kenya will not halt borrowing despite Sh11.2 trillion debt
Lucy Mumbi  |  Mar 20, 2025

Kenya’s debt-to-GDP ratio stood at 65.7 per cent as of June 2024—well above the 55 per cent sustainability threshold.

Kenya yet to utilise Sh1.3 trillion in external loans - CS Mbadi
Maureen Kinyanjui  |  Mar 19, 2025

Treasury Cabinet Secretary John Mbadi revealed that these unutilized funds continue to accrue commitment and interest fees.

Government debt repayments jump by Sh68.7bn as interest costs soar
Lucy Mumbi  |  Mar 17, 2025

The sharp rise in domestic interest payments highlights the financial strain of borrowing from the local market as the government navigates rising deb...

MPs approve 2025 Debt Management Strategy amid concerns over public borrowing
Charles Adinda  |  Mar 06, 2025

The approval comes barely three days after The Controller of Budget, Margaret Nyakang'o, challenged the Treasury to reduce the country's Gross Domesti...

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...

Kenya’s loan spree: Government borrowed Sh23.83 million per hour in four months
Lucy Mumbi  |  Feb 17, 2025

The document reveals that the government secured 18 new loans from both bilateral and commercial creditors during the four months.

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...

World Bank places Kenya among nations with highest debt burdens
Lucy Mumbi  |  Dec 18, 2024

Kenya’s debt service costs on external debt more than doubled in 2023, rising from Sh403 billion to Sh839 billion. This sharp increase was attributed...

IMF cautions Kenya’s financial stability amid plans for Sh194 billion UAE loan
Lucy Mumbi  |  Nov 28, 2024

The warning follows the IMF's approval in October of a Sh78 billion loan to Kenya. The decision was part of a review process disrupted earlier this ye...

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.

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.