public debt Stories
The report, tabled on October 7, 2025, shows the loans break down to Sh23.9 billion per month, Sh776.6 million per day, Sh539,321 per minute, and near...
The final details of the new IMF-funded program are expected to be announced following the conclusion of the talks on Thursday. The recently concluded...
Unlike external loans that face strict lender scrutiny, domestic borrowing remains largely unchecked, making it more prone to misuse.
Mbadi disclosed that in present value terms, the public debt amounts to 63.7 per cent of GDP, a level assessed as sustainable though accompanied by a...
According to the Treasury, clearing the earlier debt avoids higher interest costs in the future and spreads repayments over a longer period, providing...
Prof Fred Ogolla condemned government borrowing for consumption and prestige projects, which increase debt servicing costs and leave less funding for...
The IMF provides the financing on an unsecured basis. It tries to ensure that it will be repaid by making the financing subject to policy conditions,...
TSA will enable daily, real-time monitoring of all government funds, reduce account fragmentation, and close gaps that previously allowed the misuse o...
While most counties struggle, Nairobi has managed to reduce its pending bills by Sh36.78 billion, bringing the total to Sh86.77 billion. Mombasa’s unp...
The report, which reviews macro-economic performance for the six months to June, warns that optimism about the country’s growth prospects is fading.
The arrangement will allow Kenya to channel resources into agricultural projects, irrigation, food storage infrastructure, and nutrition programmes, h...
Nyoro said the rapid borrowing, three times what was borrowed during President Mwai Kibaki’s entire 10-year tenure, risks destabilising the economy an...
The latest national budget review report by the Office of the Controller of Budget reveals that as of June 30, 2025, Kenya’s total public debt stood a...
This reliance has forced the National Treasury to roll over obligations repeatedly, creating a cycle where new borrowing is primarily used to pay off...
Treasury Cabinet Secretary John Mbadi said the government is seeking a cheaper facility to replace the existing loan and extend repayment terms.
Authority, and Lake Victoria North Water Works Development Agency each defaulted three times on loans of Sh2.79 billion, Sh2.5 billion, and Sh4.4 bill...
MPs expressed concern that public participation on the plan has not been adequately conducted, leaving many Kenyans unaware of the potential implicati...
Moody’s however warns that heavy reliance on domestic financing will keep debt affordability weak on rising rates despite improved domestic market con...
President William Ruto, who presided over the bell-ringing ceremony at the NSE on Wednesday, hailed the listing as a step towards reducing pressure on...
President William Ruto hailed the listing as a turning point in the country’s strategy to mobilise domestic capital for transformative projects while...
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 petition seeks to hold President Uhuru and key officials in his administration legally liable for the Sh4.6 trillion debt accumulated between the...
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...
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...
Senators, particularly, flagged Tharaka Nithi and Garissa counties, where long-overdue bills remain unsettled, despite repeated calls for accountabili...
According to Justice Bahati Mwamuye, the petition filed by Busia Senator Okiya Omtatah raises substantial questions of law.
MPs are dissatisfied with the explanation that the loan had been novated under provisions of the Public Finance Management Act.
Pension obligations are part of non-discretionary government spending that must be settled without delay, but Treasury cash flow issues have continued...
National Treasury is now banking on the older law and the reactivated Privatisation Commission to raise Sh149 billion in the 2025/26 financial year.
