debt
WEF: Debt Burden Casts Shadow Over Sub-Saharan Africa’s Economic Outlook
Economic prospects for Sub-Saharan Africa are weakening this year as rising debt and costly borrowing continue to strain government finances, according to economists...
SABRINA BT2 Mins read
PS Kiptoo: Kenya Uses Nearly Half of Tax Revenue to Service Debt
Treasury Principal Secretary Chris Kiptoo has revealed that Kenya is spending nearly half of its ordinary revenue on debt servicing, raising fresh concerns...
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KAM Raises Red Flag as Ksh11B Debt Threatens Grade 10 Textbook Production
The Kenya Association of Manufacturers (KAM) has raised an alarm over a Ksh 11 billion debt that the government owes textbook publishers and...
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Ndindi Nyoro Warns Govt Against Secret Borrowing, Cites Senegal’s Debt Crisis
Kiharu MP Ndindi Nyoro has warned that Kenya could face a major economic crisis if the government continues secret borrowing. In a statement...
SABRINA BT2 Mins read
EABL Redeems Ksh11B Bonds Early in Strategic Debt Shift
East African Breweries PLC (EABL) has announced plans to redeem its Ksh 11 billion Medium Term Notes ahead of schedule, marking one of...
SABRINA BT1 Mins read
Kenya Bags Ksh193.8B, Beats Debt Deadline with Early Eurobond Payment
Kenya has pulled off a major win in the global debt markets, raising USD 1.5 billion (Ksh 193.8 billion) from international investors at...
SABRINA BT1 Mins read
IMF Team in Nairobi as Kenya Seeks New Loan Deal
An International Monetary Fund (IMF) team led by mission chief Haimanot Teferra will be in Nairobi from September 25 to October 9 to...
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Ruto Demands Debt Relief for Africa in Climate Fight
President William Ruto has launched a blistering attack on the global climate financing system, accusing it of strangling Africa with debt. At the...
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Kenya’s High Debt to Slow Down Long Term Development
According to the Institute of Public Finance (IPF) in its latest Macro Fiscal Analytical Snapshot Report, Kenya's economy finds itself in a tight...
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