Government arrears are reportedly hurting the loan repayment capacity of contractors and sub-contractors of government projects, according to global ratings agency Moody's.
Kenya Tops in African Banks Bad Loan Study
Nation, 2 December 2018
Kenyan banks' non-performing loan (NPL) ratios are among the most elevated among major economies in Africa, and are likely to be exacerbated by continued delays in payment by… Read more »
A teller counts money at a Kenyan bank (file photo).
Govt Plans to Borrow U.S.$977 Million to Pay Old Debts
The story of Kenya's borrowing spree since 2013 has been a potpourri of secretive deals, lopsided contracts and massive loans whose use raises more questions than answers. Read more »
Short-Term Sh16 Billion Debt Takes Toll on Kenya Power
Nation, 26 November 2018
Electricity distributor Kenya Power's #ticker:KPLC 47.7 per cent surge in short-term debt has plunged the company into a Sh16.1 billion negative working capital position, forcing… Read more »
Public Debt Burden to Hit U.S.$55 Billion
Nation, 18 October 2018
Kenya's public debt is expected to hit Sh5.6 trillion by next June and about Sh7 trillion in 2022 when President Uhuru Kenyatta will complete his second and final term. Read more »
IMF Raises Debt Risk to Medium But Remains Cautious
East African, 31 October 2018
The International Monetary Fund has raised Kenya's debt risk to moderate, citing the country's increasing refinancing risks and tighter safety margins. Read more »
Kenya Holds Third Highest Chinese Debt in Africa
Capital FM, 20 September 2018
Kenya ranks as the third most indebted country to China in Africa in the period between 2000 to 2017 according to China Africa Research Initiative data. Read more »
President Uhuru Kenyatta has vigorously defended the country's acquisition of loans from China, telling CNN that the debt has been used to plug an infrastructural gap that in the ... Read more »
Kenyans urging President Uhuru Kenyatta to sign the Finance Bill 2018 amendment that will halt the introduction of 16% fuel levy have descended on him via Twitter for celebrating ... Read more »
The IMF's David Lipton says although Kenya's public debt is at a moderate level and remains in the safe zone, the country needs to undertake a growth-friendly reduction in monetary ... Read more »
AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 150 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Monrovia, Nairobi and Washington DC.