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February 13
Kenya: Pending Bills Committee to Submit Report to the National Treasury
The Pending Bills Verification Committee will today release its status report before the National Treasury. Read more »
December 12, 2023
Kenya: Ruto Says Kenya Out of Debt Distress, Defends Reforms as 'Only Way and Means of Escape'
President William Ruto has defended his economic reform agenda as the 'only way and means of escape' even as he reported that the country was finally out of debt distress. Read more »
December 11, 2023
Kenya: Kenyan Investor Raises Alarm Over Changing Banking Trends On Borrowing
In a surprising twist within Kenya's banking sector, a notable shift is underway as financial institutions increasingly target guarantors rather than primary borrowers when loans… Read more »
November 16, 2023
Kenya: Kenya Debt Jumps By Sh1.8 Trillion to Sh10.6 Trillion
Kenyan debt has increased to Sh10.6 due to the uptake of domestic and international loans as well as currency fluctuation. Read more »
November 09, 2023
Kenya: Govt to Settle U.S.$300 Million of U.S.$2 Billion Eurobond Next Month
The government intends to pay $300 million of the $2 billion Eurobond in December that is due for payment in June 2024. Read more »
Kenya: President Ruto Says Kenya Will Pay All Its Debt Obligations
President William Ruto has revealed that the country has made positive steps to deal with debt distress saying they will make a US$300 million payment in December 2023 towards the… Read more »
August 28, 2023
Kenya: Ndii Says Sufficient Dollar Stock in Place to Settle Maturing Fuel Debt
President William Ruto's Chief Economic Advisor, David Ndii, has dismissed reports of a looming forex crisis as Kenya prepared to settle dollar payments for fuel imported on… Read more »
August 06, 2023
Kenya: Rogue Credit Rating Agencies Planned to Increase Our Debt, President Ruto Says
President William Ruto has bashed the international credit bureaus claiming they had eagerly anticipated for the country to default its Sh280 billion loan slated for maturity next… Read more »
July 21, 2023
Kenya: Fitch Downgrades Kenya's Rating to Negative On High Debt
Global rating firm Fitch has downgraded Kenya's rating from stable to negative due to elevated debt repayment. Read more »
June 07, 2023
Kenya: Omtatah Claims Kenya Has Overpaid Its Debt By Sh1 Trillion
Busia Senator Okiya Omtatah now claims that Kenya had paid off all its debts and that the government had even made an additional payment of Sh1 trillion. Read more »
June 06, 2023
Kenya: Kiraitu Urges President Ruto to Invest in Oil Production to Resolve Debt Crisis
National Oil Corporation of Kenya Chairman Kiraitu Murungi has called on President William Ruto to invest in oil production, saying it is the answer to the current debt crisis. Read more »
April 25, 2023
Kenya: Cap National Debt to GDP, Nakuru Residents Urge
Residents of Nakuru County have backed plans by the National Treasury to cap the national debt as a percentage of the Gross Domestic Product (GDP), to encourage productivity. Read more »
March 02, 2023
Kenya: Women to Access Cheaper Loans in New Govt Plan
Women will now access cheaper loans in a new Government plan aimed at advancing financial inclusion in the country. Read more »
March 01, 2023
Kenya: Cabinet Ditches Sh10 Trillion Debt Cap for GDP Percentage
The Cabinet has approved a legislative proposals seeking to replace the nominal debt ceiling of Sh10 trillion with a debt anchor set at 55 percent of Gross Domestic Product (GDP)… Read more »
January 23, 2023
Kenya: Ministry of Transport to Stall New Road Projects Till Sh910bn Debt Is Paid
Transport Cabinet Secretary, Kipchumba Murkomen has revealed that his department inherited a Sh910 billion debt which has to be paid before constructing new roads. Read more »
January 15, 2023
Kenya: President Ruto Says Tax Waivers 'Frozen' As Govt Moves to Avert Debt Distress
President William Ruto has urged against requests for tax waivers saying the government had "stopped" issuing waivers due to pressing development needs. Read more »
October 23, 2022
Kenya: I Will Curb Debt Appetite By Expanding Tax Base - President Ruto
President William Ruto has urged Kenyans to pay taxes to enable the government fulfil its mandate for Kenya to be an independent nation. Read more »
October 04, 2022
Kenya: President Ruto Says Govt to Re-Evaluate Budget to Manage Public Debt
President William Ruto says the government will re-evaluate the country's Budget to manage the ballooning public debt. Read more »
September 21, 2022
Kenya: President Ruto Urges World Bank, IMF, to Extend Pandemic-Related Debt Relief to Worst-Hit Nations
President William Ruto has urged the World Bank and the International Monetary Fund (IMF) to extend debt relief to countries worst hit by the COVD-19 pandemic. Read more »
September 19, 2022
Kenya: CBK Governor Urges MPs to Tame Kenya's Debt
Central Bank of Kenya Governor Patrick Njoroge has urged members of the National Assembly to play an active role and deter debt accumulation in the country. Read more »
July 26, 2022
Kenya: Ruto Says He Will Stop Govt Borrowing to Control Spiraling Public Debt
Deputy President William Ruto now says if elected as the fifth President of Kenya come August 9 General Election, his government will put brakes on borrowing in order to control… Read more »
June 30, 2022
Kenya: Wajackoya Roots for Legalisation of Marijuana to Settle Kenya's Debt
Roots Party Presidential Candidate George Wajackoyah has rooted for the legalization of Marijuana in the country saying that if Kenya grew Marijuana in Nyeri alone for a year, the… Read more »
June 21, 2022
Kenya: Senate Approves Proposal to Raise Kenya's Debt Ceiling to Sh10 Trillion
The Senate has approved National Treasury's proposal to raise the debt ceiling to Sh10 trillion. Read more »
June 09, 2022
Kenya: I'll Scale Up Snake Farming to Generate Revenues to Pay Sh8.4tn Debt - Wajackoyah
Roots Party presidential candidate Prof George Wajackoyah has promised to upscale snake farming in Kenya in a bid to create sufficient venom supply for the manufacture of antivenin… Read more »
June 07, 2022
Kenya: House Raises Debt Ceiling to Sh10 Trillion as Budget Deficit Nears Sh1 Trillion
Members of Parliament have approved Treasury's proposal to raise the debt ceiling to Sh10 trillion. Read more »
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